Union Bank hits global debt market with $500 mn bond issue

Union Bank hits global debt market with $500 mn bond issue.

Public sector lender Union Bank (Union Bank of India) has hit the global debt market to raise around $500 million through bond issuance, said two merchant bankers working on the issue.

union-bank-of-indiaThis has comes days after successful bond issuances by State Bank of India last week and a dozen of corporates in recent months.

“We have launched roadshows in the leading Asian and European finance centres on behalf of Union Bank of India last week, as part of the bank’s plan to launch a benchmark issue.

If the market condition is conducive, we will close the sale programme this week,” the merchant bankers told PTI today.

Leave a Reply

Your email address will not be published. Required fields are marked *