Union Bank of India raises $600 million via overseas bonds
Mumbai: State-owned Union Bank of India has raised $600 million from bonds issued to overseas investors to fund business growth.
The fund was raised by issuing USD REG S Senior Unsecured Dual Tranche Notes due 2029 (3 years) and 2031 (5 years) of $300 million each, issued through Union Bank of India Dubai International Financial Centre (DIFC) branch, the bank said in a regulatory filing on Friday.
The dual-tranche issue will help the lender support its overseas business expansion.
