UNION BANK RAISES RS.500 CRORE THROUGH ISSUE OF BASEL III ADDITIONAL TIER I (AT1) BONDS

-

by Shrutee K/DNS

Mumbai - May 03, 2017: Union Bank of India has on May 03, 2017 issued 5,000 Non-Convertible, Unsecured Subordinated Basel III Compliant Perpetual Debt Instruments eligible for inclusion in Additional Tier 1 Capital. The Bond is issued for face value Rs. 10,00,000/- each at par aggregating to Rs. 500 crore on private placement basis bearing 9.08% p.a. coupon payable annually. The AT1 Bonds are rated “BWR AA+/Stable’ by Brickwork  Rating  India  Pvt. Ltd’  (Brickwork) and ‘IND AA/Stable’ by India Ratings and Research Private Limited (“India Ratings”).

Comments

Post a Comment

Popular posts from this blog

Team Pumpkin acquires digital marketing rights for Shop CJ

-
Image
by Shrutee K/DNS 4th January 2017, Mumbai : Team Pumpkin, a leading Digital Marketing & PR Agency operating out of Mumbai, Delhi and Bangalore has won digital marketing mandate for Shop CJ. It's an electronic channel dedicated to teleshopping. The consumers can select from a wide variety of products offered on Shop CJ, 24x7. They have awarded various digital mandates to Team Pumpkin. The mandate includes execution of various digital activities like social media management, content marketing and creation of Digital Assets among others. All the activities for Shop CJ will be carried out from Mumbai office which is led by Swati Nathani. On winning the duties, Ms. Swati Nathani, Chief Business Officer, Team Pumpkin said, “We value our clients and work hard on delivering the results. Shop CJ is India’s favorite teleshopping brand and growing with each passing day. Their consumer base has a growing percentage of the digitally active audience. Our strategy will be to bridge...
Read more

Haier India Introduces Range of Washing Machines with new 360° Waterfall Technology

-
Image
Launches new 10kg top load washing machine with 360 degree waterfall technology that provides deeper cleaning and extra care to the fabrics New Delhi, 27 December,18: Haier, the global leader in Home Appliances & Consumer Electronics and World’s Number 1 brand in Major Appliances for 9 Consecutive Years*, today announced the launch of its all new HWM100-678NZP 10 kg Top Load Washing Machine with 360-degree waterfall technology in India. Augmenting its current range of washing machines, Haier has designed the new HWM100-678NZP washing machine with features that best cater to the laundry needs of Indian households. It comes equipped with 360-degree waterfall technology that offers deeper cleaning with extra care to the fabrics. The new washing machine features silent and steady operation and, comes with a big screen for more efficient user controls. Its direct motion invertor motor increases the machines longevity and helps in saving 30% time & energy. The s...
Read more

Eat Eggs and lose weight

-
Image
  by Shrutee K/DNS It is often said that the best things come in small packages, and if you take the case of the humble egg, you can't help but agree. Packed with protein, good fats and essential vitamins, eggs have some of the most health-friendly properties to boast of. Eating eggs, especially for breakfast, may just be what makes or breaks your weight loss diet. More than 2 billion adults and children globally are overweight or obese and suffer health problems because of their weight, a new study reports. This equates to one-third of the world's population carrying excess weight, fueled by urbanization, poor diets and reduced physical activity. … and India is not left alone and she’s getting FATTER by the day!! The percentage of Indian adults living with obesity is set to jump to around 5% by 2025.. In absolute  numbers present   30 million obese Indians in 2016 will reach the figure of 70 million by 2025!! Obesity in India has reached epidemic proportio...
Read more