:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

UNION BANK TO RAISE UPTO $500 MILLION IN FEBRUARY

According to Mr. M.V. Nair, Chairman and Managing Director, Union Bank of India, the bank is planning to raise $300-500 million through a bond issue under its Medium Term Notes Programme in February to support its business expansion plans. The bond will have a maturity of five years. The MTN programme of the bank has an umbrella of $ 2 billion.


An MTN programme allows an issuer to raise funds on an ongoing basis through various products such as floating rate notes or on a fixed rate after obtaining prior regulatory and other approvals.


Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/finance/Union-Bank-to-raise-upto-500-million-in-Feb/articleshow/5505783.cms

Posted by C.B.O.A., A.P.

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