Union Bank of India has raised $500 million (about Rs 4,200 crore) from foreign markets to fund overseas business growth.

Banking & Finance

Union Bank of India has raised $500 million (about Rs 4,200 crore) from foreign markets to fund overseas business growth. The fund was arranged by Dubai International Financial Centre (DIFC), Dubai Branch. A syndicated term loan of $ 500 million ($400 million and Green Shoe of $100 million) would be drawn in two tranches with tenure of 3 and 5 years.


      The first tranche of $100 million was drawn on 3rd April 2024.

     

     

 

     


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