Union Bank of India Share Price in Focus; Raises ₹3,000 Crore via Long-Term Bonds; Oversubscribed 3.12x with ₹9,380 Crore Bids

Union Bank of India has successfully raised ₹3,000 crore through the issuance of long-term bonds. This initiative aims to finance infrastructure and affordable housing projects, marking a significant step in the bank's funding strategy. 

Details of the Bond Issue 

On March 20, 2026, Union Bank of India launched a bond issue with a base size of ₹3,000 crore and a green shoe option of ₹4,500 crore.  

The bonds, which are senior, rated, listed, unsecured, redeemable, taxable, and transferable, were offered on a private placement basis.  

The bank received bids totalling ₹9,379.82 crore from qualified institutional buyers, resulting in an oversubscription of 3.12 times the base issue size. 

The bank decided to accept bids amounting to ₹3,000 crore at a cut-off coupon rate of 7.16% per annum. A total of 3,00,000 bonds, each valued at ₹1,00,000, were issued.  

The bidding process took place on the NSE's Electronic Bidding Platform, with 48 bids received and 14 accepted. 

Significance of the Fundraising 

This fundraising effort is significant as it supports Union Bank of India's commitment to infrastructure development and affordable housing.  

The successful oversubscription indicates strong investor confidence in the bank's financial health and strategic direction. 

Read More: PSU Bank Stocks Rally Up to 5% as Markets Rebound; SBI, Canara Bank, PNB Lead Gains! 

Union Bank of India Share Price Performance 

As of March 20, 2026, at 3:30 PM, Union Bank of India share price on NSE was closed at ₹177.63 up by 3.18% from the previous closing price. 

Conclusion 

Union Bank of India's successful issuance of ₹3,000 crore in long-term bonds underscores its strategic focus on infrastructure and affordable housing. The oversubscription reflects robust investor interest and confidence in the bank's initiatives. 

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