Union Bank of India - INE112A08051
Banks
corporate
Coupon Rate
8.93%
Maturity Date
08 Nov 2029
ISIN
INE112A08051
Face Value
₹10,00,000
About Issue
This AA+ rated bond from Union Bank of India, a corporate, offers a Fixed coupon of 8.93% with maturity on 08 November 2029. Issued through the Private placement as under ISIN INE112A08051, this bond ensures strong credit quality with minimal default risk, making it a dependable option for investors seeking better returns than traditional fixed deposits, without taking on significant risk. Ideal for investors who want stable returns with high credit assurance, while benefiting from a superior yield in a short-to-medium term horizon.
Key Attributes
Rating
IND AA+ (Stable)
Mode of Issue
Public
Private
Tax Saving
Yes
No
Collateral Security
Secured
Unsecured
Seniority
Senior
Non-Senior
Deal Details
Interest Frequency
Yearly
Principal Frequency
-
Coupon Type
Fixed
Sector
corporate
Total Issue Size
-
Allotment Date
08 Nov 2019
Remaining Tenure
4Y 4M
Security Name
UNION BANK OF INDIA SR II 8.93 LOA 08NV29 FVRS10LAC
Risk Assessment
Credit Rating
Rating
IND AA+ (Stable)
Date of Rating
01 Nov 2022
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