Union Bank of India to redeem two bond series early

Union Bank of India has announced the early redemption of two bond series, exercising a call option, with regulatory approval pending.

The first series, XXVIII (ISIN INE692A08128), is for ₹1,000 crore with a coupon rate of 8.64%. Its redemption payment is set for January 12, 2026, with a record date of December 26, 2025. The second series, XXIX (ISIN INE692A08136), involves ₹205 crore at a coupon rate of 8.73%. Its redemption payment date is January 29, 2026, and the record date is January 14, 2026.

If the payment date for ISIN INE692A08128 falls on a non-business day, payment will be processed on the next business day, specifically January 12, 2026. This announcement was issued by company secretary Mangesh Mandrekar on December 5, 2025.