UNION BANK OF INDIA - Issue of Bonds

Union Bank of India has informed BSE that Union Bank of India has issued 10,000 basel III compliant Tier II bonds of face value of Rs. 10,00,000/- each at par, with 10 year tenure, bearing 8.61% p.a. coupon payable annually and with call option after 5 years, aggregating to Rs.1,000/- crore (Rupees One Thousand Crores Only) on private placement basis on March 29, 2016. The Bonds are rated "IND AA+" by India Rating.