Union Bank of India announced that it is issuing Basel III Compliant Perpetual Debt instruments in the nature of Debentures eligible for inclusion in Additional Tier 1 Capital Series XXIX on Private Placement basis, the details of which are furnished here below: Issue Size: INR 2 billion with green shoe option upto INR 3 billion (maximum INR 5 billion); Bid Accepted: INR 2.05 billion; Face value/issue price: INR 1,00,00,000 per bond; Tenor: Perpetual; Coupon rate: 8.73% p.a. on January 27, 2021.