Instrument Details

ISIN: INE692A08151

Face value

₹1,00,00,000

Coupon rate

7.25%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1150

Instrument Type

Bond

Returns

Medium

Date of Issue

09 Jul 2021

Maturity Date

07 Sep 2036

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (INDIA Ratings)

Call Option

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 XXXI 7.25 BD 09JL36 FVRS1CR
Union Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE692A08151, with a face value of ₹1,00,00,000 rs on 09Jul21 to raise 1150 crores. The debt instrument is issued with a coupon rate of 7.25% 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 7.25% UNSECURED RATED LISTED SUBORDINATED NON CONVERTIBLE REDEEMABLE TAXABLE BASEL III COMPLIANT TIER II BONDS IN THE NATURE OF DEBENTURES. SERIES XXXI.DATE OF MATURITY 09/07/2036. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 13Jul21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 26Feb21. 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
AA
High Safety
AA+
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Date Verified
27 Oct 2023
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Outlook
Positive
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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
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
09-Jul-21 : Your investment
₹7,25,00,000
09-Jul-22 : Interest
₹7,25,00,000
09-Jul-23 : Interest
₹7,25,00,000
09-Jul-24 : Interest
₹7,25,00,000
09-Jul-25 : Interest
₹7,25,00,000
09-Jul-26 : Interest
₹7,25,00,000
09-Jul-27 : Interest
₹7,25,00,000
09-Jul-28 : Interest
₹7,25,00,000
09-Jul-29 : Interest
₹7,25,00,000
09-Jul-30 : Interest
₹7,25,00,000
09-Jul-31 : Interest
₹7,25,00,000
09-Jul-32 : Interest
₹7,25,00,000
09-Jul-33 : Interest
₹7,25,00,000
09-Jul-34 : Interest
₹7,25,00,000
09-Jul-35 : Interest
₹7,25,00,000
09-Jul-36 : Interest
₹2,08,75,00,000
07-Sep-36 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹1,08,75,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.25%

Returns

Medium

Bond Rating

AA+

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 INE692A08151 issued by Union Bank Of India

The instrument name of INE692A08151 ISIN is UNION BANK OF INDIA SR XXXI 7.25 BD 09JL36 FVRS1CR.
The interest earned from INE692A08151 bond issued by Union Bank Of India is paid Annually, ensuring regular and consistent income for investors.
This INE692A08151 bond issued by Union Bank Of India has been assigned a credit rating of AA+ by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 7.25%, which determines the periodic interest payments made to bondholders.
The INE692A08151 Bond is issued by Union Bank Of India, a Private Sector company.