Union Bank of India to issue Debentures of upto Rs. 1150 crore

Union Bank of India is issuing Basel III Compliant Debt Instruments in the nature of Debentures eligible for inclusion in Tier-2 Capital ('Bonds') Series XXXI of Rs.500 crore with Green Shoe Option up to Rs.650 crore (maximum Rs.1,150 crore) on Private Placement basis.

Shares of UNION BANK OF INDIA was last trading in BSE at Rs.37.05 as compared to the previous close of Rs. 37.9. The total number of shares traded during the day was 643784 in over 1565 trades.

The stock hit an intraday high of Rs. 38.2 and intraday low of 36.85. The net turnover during the day was Rs. 24107610.

Source : Equity Bulls

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