Union Bank of India to raise up to Rs 1,500 cr via bonds

Union Bank of India to raise up to Rs 1,500 cr via bonds

The State-owned lender Union Bank of India (UBI) said it would raise up to Rs 1,500 crore from bonds over the next three months.

The decision to raise funds was taken at the Board meeting held on December 22, Union Bank of India said in a BSE filing.

The Board approved raising of additional capital funds not exceeding Rs 1,500 crore during the year 2012-13 by way of issue of Tier-I and Tier-II capital bonds as per eligibility, it said.

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