Union Bank of India Approves Up to Rs 25,000 Crore Bond Issuance for Infrastructure and Green Projects

Union Bank of India has approved plans to raise up to Rs 25,000 crore through bond issuances, including Rs 20,000 crore in long-term bonds for infrastructure and affordable housing, and up to Rs 5,000 crore via green or sustainable bonds. The bank may raise Rs 7,500 crore of the long-term bonds, with a 10-year tenor, before March 31, 2026. This fundraise aims to support various development projects and aligns with the bank's strategic financing goals.