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Broader market trades firm; media scrips rally

The benchmark indices traded with minor gains in early afternoon trade. Auto, IT and realty indices witnessed selling pressure. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 30.37 points or 0.07% at 46,129.38. The Nifty 50 index gained 8.80 points or 0.07% at 13,522.65.
In the broader market, the S&P BSE Mid-Cap index added 0.73% while the S&P BSE Small-Cap index rose 0.67%. Both these indices outperformed the Sensex.
The market breadth was strong. On the BSE, 1,754 shares rose and 1,056 shares fell. A total of 190 shares were unchanged.
The undertone of the market was upbeat amid positive global cues following the progress in coronavirus vaccine. Robust inflows from foreign institutional investors and improving domestic economic scenario also boosted the investor s risk appetite. ....

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Union Bank of India to raise up to Rs 1500 crore

The PSU Bank on Friday (11 December) announced it will issue basel-III compliant bonds to raise up to Rs 1,500 crore.In a regulatory filing, Union Bank said, The bank is issuing Basel III compliant perpetual debt instruments in the nature of debentures eligible for inclusion in additional tier 1 capital series XXVII of Rs 500 crore with green shoe option up to Rs 1,000 crore (maximum Rs 1,500 crore) on private placement basis.
The coupon on the bonds is fixed at 8.73% per annum and have a face value of Rs 10 lakh per bond. The bonds are rated IND AA/ Stable by India Rating & Research and BWR AA/Negative by Brickwork Rating India. ....

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Union Bank of India to issue bonds to raise Rs 1500 crore

Union Bank of India to issue bonds to raise Rs 1500 crore
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Union Bank Of India To Raise Up To Rs 1,500 Crore

Perpetual bonds carry no maturity date and hence may be treated as equity, not as debt. The coupon on the bonds is fixed at 8.73 percent per annum.

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India Rating Research , Union Bank , State Run Union Bank , India Rating , Brickwork Rating , இந்தியா ரேடிஂக் ஆராய்ச்சி , தொழிற்சங்கம் வங்கி , நிலை ஓடு தொழிற்சங்கம் வங்கி , இந்தியா ரேடிஂக் ,

Union Bank of India to raise up to Rs 1,500 cr

The coupon on the bonds is fixed at 8.73 per cent per annum. ....

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