Union Bank of India , a prominent public sector bank, has issued a revised intimation regarding the exercise of call option for one of its bond series. The bank has updated the redemption details for its ₹1,000 crore bond series, demonstrating continued proactive management of its debt obligations.

Revised Bond Redemption Details

The bank has provided updated information for the bond redemption under regulatory compliance:

Key Changes and Payment Schedule

The bank has clarified that if any coupon or redemption payment date falls on a non-business day, payment of interest or principal will be made on the preceding business day. Accordingly, the payment for ISIN INE692A08128 will be processed on January 9, 2026, instead of January 11, 2026.

This revision updates the bank's earlier communication dated December 5, 2025, ensuring accurate information is provided to stakeholders and regulatory authorities.

Regulatory Compliance

The intimation has been issued pursuant to Regulation 30 and 60(2) of the SEBI (Listing Obligation and Disclosures Requirements) Regulations 2015. The call option exercise remains subject to regulatory approval, maintaining the bank's commitment to compliance with all applicable regulations.

Financial Context

This bond redemption aligns with Union Bank of India's ongoing debt management strategy. The bank continues to optimize its capital structure while maintaining its position as a significant player in the public sector banking space. The redemption represents the bank's proactive approach to managing its liabilities and maintaining financial flexibility.

Investors holding these bonds should note the record date of December 26, 2025, to ensure smooth processing of their redemption payments when the call option is exercised.

Union Bank of India has successfully completed its scheduled annual interest payment on bonds, demonstrating continued adherence to regulatory compliance and investor commitments. The bank announced the completion of interest payment under Regulation 57 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Bond Interest Payment Details

The bank completed the annual interest payment on December 23, 2025, exactly as per the scheduled due date. The payment was processed according to investor mandates and beneficiary positions corresponding to the record date.

Regulatory Compliance

The interest payment was executed in full compliance with SEBI regulations, specifically under Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. The bank confirmed that applicable Tax Deducted at Source (TDS) has been deducted from the payment amount as per regulatory requirements.

Payment Execution

The bank processed the payment without any delays or complications, maintaining its track record of timely bond servicing. The payment represents the annual interest obligation on the specified bond series, with the amount totaling ₹55.69 crores. The successful completion demonstrates the bank's commitment to honoring its debt obligations and maintaining investor confidence.

This timely payment reinforces Union Bank of India's position as a reliable issuer in the bond market, ensuring that investors receive their due returns as per the agreed terms and conditions of the bond issuance.