The Union Bank of India has raised Rs 750 crore through issue of Basel III complaint bonds.

It has said in a regulatory filing that the bank has issued 7,500 non-convertible, unsecured subordinated Basel III complaint perpetual debt instruments for inclusion in additional tier-I capital.

It further said that the bond is issued for face value of Rs 10 lakh each at par aggregating to Rs 750 crore on private placement basis.

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