UNION BANK OF INDIA - Rating of the BASEL III compliant Tier I Perpetual Bonds
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| 20 Feb 2015 | |
| Union Bank of India has informed BSE that the Bank intends to raise capital funds through issuance of Additional Tier 1 Bonds.<BR><BR>In this regard, CRISIL Ratings has assigned "CRISIL AA (CRISIL Double A)" rating to the Bank's proposed Basel III Compliant Tier 1 Perpetual Bonds of Rs. 2000 crores. The outlook assigned is negative.<BR><BR>CRISIL has also revised its rating outlook on the long-term debt instruments to 'Negative' from 'Stable' and reaffirmed the ratings at 'CRISIL AAA' and reaffirmed its ratings on the Bank's Certificates of Deposit programme at 'CRISIL A1+'. | |
| View all announcements for UNION BANK OF INDIA | Source: BSE India |
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