Mumbai: Union Bank of India has marked a significant milestone with the official listing of its inaugural USD 600 million Foreign Currency Bonds on NSE IX (NSE International Exchange). The landmark listing reflects the bank’s continued efforts to strengthen its global presence and expand access to international capital markets.
The listing ceremony was attended by senior officials from Union Bank of India and NSE IX.
Senior Officials Attend Listing Ceremony
The ceremony was attended by:
- Asheesh Pandey, Managing Director & CEO, Union Bank of India
- Nitesh Ranjan, Executive Director
- Ramasubramanian S, Executive Director
- Amresh Prasad, Executive Director
- V. Balasubramaniam, MD & CEO, NSE IX
The presence of senior leadership highlighted the importance of the bond listing as a milestone in Union Bank of India’s growth and international funding strategy.
USD 600 Million Bond Listing Marks Key Milestone
The successful listing of the USD 600 million Foreign Currency Bonds marks Union Bank of India’s inaugural bond listing on NSE IX.
The development is expected to support the bank’s efforts to broaden its funding sources and strengthen its engagement with international capital markets.
Key highlights include:
- Bond value: USD 600 million
- Instrument: Foreign Currency Bonds
- Listing platform: NSE IX (NSE International Exchange)
- Issuer: Union Bank of India
- Significance: Inaugural Foreign Currency Bond listing by the bank
Union Bank Focuses on Global Expansion
The bond listing underlines Union Bank of India’s continued focus on strengthening its position as a more globally oriented financial institution.
The initiative supports three key objectives:
- Strengthening global presence
- Diversifying funding avenues
- Expanding access to international capital markets
By accessing international capital markets, the bank aims to further diversify its funding base while supporting its broader growth strategy.
Another Step Towards a Stronger Global Union Bank
Union Bank of India described the successful listing as another milestone in its journey towards becoming a stronger and more globally oriented institution.
The development demonstrates the bank’s focus on leveraging international funding opportunities and expanding its presence beyond the domestic market.
About Union Bank of India
Union Bank of India is a major public sector bank in India, offering a wide range of banking and financial services to retail, corporate, agricultural and other customers. The bank operates an extensive domestic network and has a presence in international markets, supporting its objective of expanding its global banking operations.
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