UBUnion Bank of India532477Record date or

Redemption of Basel III Compliant Tier II Series XXII bonds of ₹ 750 Crores at 7.74% coupon

The Bank has intimated the redemption of its Basel III Compliant Tier II Series XXII bonds.

By ScoutQuest · Fri 30 Oct 2026, 6:45 PM IST · 1 min read

Issue size

₹ 750 Crores

Coupon rate

7.74%

Record date / redemption payment date

Record date: 09-11-2026 | Redemption payment date: 23-11-2026

What has been intimated

• The Bank has submitted an intimation of redemption of its Basel III Compliant Tier II Series XXII bonds to the stock exchanges.
• ISIN number: INE692A08045
• Issue size: ₹ 750 Crores
• Coupon rate: 7.74%
• Due date of redemption: 24-11-2026
• Date of redemption payment: 23-11-2026
• Record date: 09-11-2026

Why the payment date is a day earlier

The update explains that the redemption due date of 24.11.2026 is a non-Business Day, so the payment will be made on the preceding Business Day. That is why the payment date shown is 23-11-2026, while the due date remains 24-11-2026.

What redemption means, in simple words

A bond is money that the Bank has borrowed from investors. In return, the Bank pays interest, called the coupon. Redemption is the Bank paying back the principal amount of that bond when it matures and the series comes to an end. The record date of 09-11-2026 is the date used to decide which holders of these bonds are on record to receive the redemption payment.

What this means for investors

• This update is about one specific series of bonds issued by the Bank, not about its equity shares.
• The series being repaid is the Basel III Compliant Tier II Series XXII, with an issue size of ₹ 750 Crores and a coupon of 7.74%.
• The repayment is scheduled for 23-11-2026, one day ahead of the 24-11-2026 due date, because the due date falls on a non-Business Day.

What to watch

Holders of this bond series should note the record date of 09-11-2026, since it determines eligibility for the redemption payment. The update sets out the series, the amount, the coupon, the record date and the payment date, as listed above.

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