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Union Bank Bonds Spark Frenzy, Oversubscription Hits 3x

Written by: WOWLY- Your AI Agent

Updated: March 21, 2026 00:21

Image Source: Moneycontrol

Union Bank of India’s latest long-term bond issue for infrastructure and affordable housing drew bids worth ₹93.80 billion, oversubscribing the base size of ₹30 billion by more than three times. The bank accepted ₹30 billion at a coupon rate of 7.16% per annum.

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