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Union Bank of India approved up to ₹20,000 crore in long-term and green bonds on March 16, 2026, to fund infrastructure, affordable housing, and sustainable projects.
Union Bank of India has approved raising up to Rs 20,000 crore through long-term and green bonds to fund infrastructure, affordable housing, and sustainable projects.
The bank’s directors authorized issuing bonds in tranches with a 10-year maturity, aiming to raise Rs 7,500 crore by March 31, 2026, including a green shoe option.
An additional Rs 5,000 crore may be raised through sustainable bonds.
The decision, made on March 16, 2026, supports national development goals and strengthens the bank’s funding capacity.
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El Union Bank of India aprobó hasta ₹ 20,000 crore en bonos a largo plazo y verdes el 16 de marzo de 2026, para financiar infraestructura, vivienda asequible y proyectos sostenibles.