Corporate Actions

Back

Fitch Ratings assigned and finalized ratings for Union Bank of India’s USD600 million senior bonds

27-Aug-26 20:49 Hrs IST

Union Bank of India announced ratings actions across several instruments from Fitch Ratings, including an initial rating of BBB- for XS3485474533, a 3-year USD-denominated senior unsecured note, and XS3485474707, a 5-year USD-denominated senior unsecured note; Fitch also assigned a final rating of BBB- to USD600 million senior bonds, as well as assigned and finalized ratings for USD300 million 5.230% senior unsecured notes due August 2029, and USD300 million 5.417% senior unsecured notes due August 2031, both with amounts of USD300 million; furthermore, Fitch assigned new ratings to the senior unsecured long-term rating (BBB-), senior unsecured LT (xgs) (BB), senior unsecured LT (BBB-), senior unsecured (BBB-), and senior unsecured (xgs) (BB(xgs)), while also finalizing the senior unsecured rating for USD600 million senior bonds.

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.