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Union Bank of India receives ratings for proposed Basel III compliant Tier II Bonds

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Capital Market
Union Bank of India announced that the following credit ratings have been assigned to the Bank's proposed Basel III Compliant Tier II Bonds aggregating to Rs.2000 crore-

CRISIL AA+ / Negative
[ICRA] AA+ (hyb) (Negative)
IND AA+/RWE rating

The announcement was made after market hours on 11 September 2020.

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First Published: Sep 14 2020 | 4:55 PM IST

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