On private placement basis
United Bank of India has concluded the issue and allotment of 5000 Unsecured, Non Convertible, Fully Paid-up, Redeemable, Listed, Basel III Compliant Tier II Bonds (Series IX) in form of promissory note of face value of Rs 10 lakh each aggregating Rs 500 crore on private placement basis.The issue opened on 23 August 2017 and was entirely subscribed by Life Insurance Corporation of India. The Bonds are proposed to be listed on the whole sale debt segment of BSE.
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