9.80% Union Bank Of India - AA Rated (INE692A09266)

Union Bank Of India, a Public Sector Bank company, has floated Bond, having ISIN value as INE692A09266, with a face value of ₹10,00,000 rs on 22Nov13 to raise 2000 crores. The debt instrument is issued with a coupon rate of 9.80% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 9.80% UNSECURED REDEEMABL ENON CONVERTIBLE SUBORDINATED TIER II BONDS IN THE NATURE OF PROMISSORY NOTES (SERIES - XVII-A). DATE OF MATURITY 22/11/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 04Dec13 & on NSE stock exchange on 04Dec13. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 14Nov13. This issuer is formerly known as THE UNION BANK OF INDIA LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.