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Union Bank of India gets ratings assigned for proposed Tier 2 Bonds issue

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Capital Market

From CRISIL

Union Bank of India announced that the Bank intends to raise capital funds through issuance of Basel III compliant Tier 2 bonds.

In this regard, Crisil Ratings has assigned 'Crisil AAA/Negative' to the Bank's proposed Basel III compliant Tier 2 bonds of Rs. 750 crore.

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First Published: Aug 25 2016 | 3:39 PM IST

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