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Instrument Details

ISIN: INE692A08045

Face value

₹10,00,000

Coupon rate

7.74%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

750

Instrument Type

Bond

Returns

Medium

Date of Issue

24 Nov 2016

Maturity Date

24 Nov 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

UNION BANK OF INDIA SR-XXII 7.74 BD 24NV26 FVRS10LAC
Union Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE692A08045, with a face value of ₹10,00,000 rs on 24Nov16 to raise 750 crores. The debt instrument is issued with a coupon rate of 7.74% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 7.74% UNSECURED REDEEMABLE BASEL III COMPLIANT TIER 2 BONDS IN THE NATURE OF DEBENTURES. SERIES XXII. DATE OF MATURITY 24/11/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 06Dec16 & on NSE stock exchange on 06Dec16. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 10Nov16. This issuer is formerly known as THE UNION BANK OF INDIA LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
26 Dec 2023
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
24-Nov-16 : Your investment
₹77,40,000
24-Nov-17 : Interest
₹77,40,000
24-Nov-18 : Interest
₹77,40,000
24-Nov-19 : Interest
₹77,40,000
24-Nov-20 : Interest
₹77,40,000
24-Nov-21 : Interest
₹77,40,000
24-Nov-22 : Interest
₹77,40,000
24-Nov-23 : Interest
₹77,40,000
24-Nov-24 : Interest
₹77,40,000
24-Nov-25 : Interest
₹77,40,000
24-Nov-26 : Interest
₹17,74,00,000
24-Nov-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,74,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.74%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Public Sector Bank
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE692A08045 issued by Union Bank Of India

The instrument name of INE692A08045 ISIN is UNION BANK OF INDIA SR-XXII 7.74 BD 24NV26 FVRS10LAC.
The interest earned from INE692A08045 bond issued by Union Bank Of India is paid Annually, ensuring regular and consistent income for investors.
This INE692A08045 bond issued by Union Bank Of India has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 7.74%, which determines the periodic interest payments made to bondholders.
The INE692A08045 Bond is issued by Union Bank Of India, a Private Sector company.
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