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Union Bank raises Tier II capital

CHENNAI: Union Bank of India has completed the Tier II capital bond issue for Rs. 250 crores (series V). The offer opened on August 29 and was fully subscribed, according to a release. The bonds have a maturity period of 116 months and carries a coupon rate of 5.95 per cent annually. The bank has received permission for opening representatives at Dubai (UAE) and Doha (Qatar) — Our Bureau

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