BSECompany Update27 Aug 2026 · 27 Aug 2026, 08:11 pm

Reporting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Union Bank of India · 532477

✦ AI SummaryRating Change

Union Bank of India has been assigned a 'BBB' long-term issue rating by S&P Global Ratings for its U.S. dollar-denominated senior unsecured notes.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10

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Union Bank of India - 532477 - Announcement under Regulation 30 (LODR)-Credit Rating

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संदभग Ref.:नि.से.नव.ISD/182/2026-27 नदिांक Date : 27.08.2026 बीएसई निस्टंग सेंटर BSE Listing Centre National Stock Exchange of India Ltd. स्िप कोि Scrip Code - 532 477 निप्स NEAPS स्िप कोि Scrip Symbol-UNIONBANK-EQ Subject: Reporting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: - Our earlier letter. से.वि.ISD/175/2026-27 विन ांक Date : 21.08.2026 In terms of Regulation 30 read with point 3 of Para A of Part A of Schedule Ill of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and SEBI circular no. SEBI/HO/DDHS/DDHS-POD2/P/CIR/2025/101 dated July 11,2025, we wish to inform that S&P Global Ratings on August 27, 2026 has assigned its 'BBB' long-term issue rating to following U.S. dollar-denominated senior unsecured notes issued by Dubai International Financial Centre branch of Union Bank of India (UBI). S.No. ISIN Tenor Coupon Rating 1 XS3485474533 3 Years 5.230% BBB 2 XS3485474707 5 Years 5.417% BBB The rating rationale is enclosed herewith. Thanking you. भवदीय Yours faithfully, (Ashish Mishra) Company Secretary Cc to: 1. IDBI Trusteeship Services Ltd. 2. Catalyst Trusteeship Limited Union Bank of India, Investor Services Division, Union Bank Bhavan,239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400021. : + 91 22 2289 6636/2289 6643, investorservices@unionbankofindia.bank.in , website: www.unionbankofindia.bank.in 1 C-111, Ground Floor, Nila Spaces, Block 11-D, Zone 1, Road-1A, Gift SEZ, Village Ratanpur, Taluka and District Gandhinagar, Gujrat-382355 India, Gift City, Gandhinagar-382355, Gujarat, India 27 August 2026 S&P Global Ratings Singapore Pte. Ltd. Union Bank of India Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai – 400021, Maharashtra, India Attention To: Mr Asheesh Pandey, MD & CEO, Union Bank of India Re: New Rating To Whom it May Concern, S&P Global Ratings hereby assigns the below rating(s): Issuer Rating Description Rating Union Bank of India U.S.$300,000,000 5.230 per cent. Notes due BBB (DIFC Branch) 2029 (the “2029 Notes”) U.S.$300,000,000 5.417 per cent. Notes due 2031 (the “2031 Notes”) This letter constitutes S&P Global Ratings’ permission for you to disseminate the above- assigned rating(s) to interested parties in accordance with applicable laws and regulations. However, permission for such dissemination (other than to professional advisors bound by appropriate confidentiality arrangements or to allow the Issuer to comply with its regulatory obligations) will become effective only after we’ve released the rating on www.spglobal.com/ratings. Any dissemination on any Website by you or your agents shall include the full analysis for the rating, including any updates, where applicable. Any such dissemination shall not be done in a manner that would serve as a substitute for any products and services containing S&P Global Ratings’ intellectual property for which a fee is charged. To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P Global Ratings may choose to acknowledge such a rating and denote such acknowledgement on www.spglobal.com/ratings with an alphabetic or other identifier affixed to such rating or by other means. To maintain the rating(s), S&P Global Ratings must receive all information as indicated in the applicable Terms and Conditions. You understand that S&P Global Ratings relies on you and your agents and advisors for the accuracy, timeliness and completeness of the information submitted in connection with the rating and the continued flow of material information as part of the surveillance process. Please send all information via electronic delivery to: aurick.soh@spglobal.com. If SEC rule 17g-5 is applicable, you may post such information on the appropriate website. For any information not available in electronic format or posted on the applicable website, please send hard copies to: S&P Global Ratings, 12 Marina Boulevard, #23-01 Marina Bay Financial Centre, Tower 3, Singapore 018982. Attention: Aurick Soh. The rating(s) is/are subject to the Terms and Conditions attached to the Engagement Letter applicable to the rating. In the absence of such Engagement Letter and Terms and Conditions, the rating(s) is/are subject to the attached Terms and Conditions. The applicable Terms and Conditions are incorporated herein by reference. In accordance with the Terms and Conditions, S&P Global Ratings may assign, raise, lower, suspend, place on CreditWatch, or withdraw a credit rating, and assign or revise an Outlook, at any time, in S&P Global Ratings’ sole discretion. S&P Global Ratings may take any of the foregoing actions notwithstanding any request for a withdrawal of a credit rating or termination of the Engagement Letter. S&P Global Ratings is pleased to have the opportunity to provide its rating opinion. For more information please visit our website at www.spglobal.com/ratings. If you have any questions, please contact us. Thank you for choosing S&P Global Ratings. Sincerely yours, S&P Global Ratings, acting through S&P Global Ratings Singapore Pte. Limited Analytical Contact: Name: Aurick Soh Telephone #: +65 6216 1134 S&P Global Ratings Terms and Conditions Applicable to Credit Ratings You understand and agree that: General. The credit ratings and other views of S&P Global Ratings are statements of opinion and not statements of fact. Credit ratings and other views of S&P Global Ratings are not recommendations to purchase, hold, or sell any securities and do not comment on market price, marketability, investor preference or suitability of any security. While S&P Global Ratings bases its credit ratings and other views on information provided by issuers and their agents and advisors, and other information from sources it believes to be reliable, S&P Global Ratings does not perform an audit, and undertakes no duty of due diligence or independent verification, of any information it receives. Such information and S&P Global Ratings’ opinions should not be relied upon in making any investment decision. S&P Global Ratings does not act as a “fiduciary” or an investment advisor. S&P Global Ratings neither recommends nor will recommend how an issuer can or should achieve a particular credit rating outcome nor provides or will provide consulting, advisory, financial or structuring advice. S&P Global Ratings owns and hereby reserves all right, title and interest in and to (i) the credit ratings, analytical reports and other views, opinions, data and information provided hereunder and (ii) its trademarks and service marks. All Credit Rating Actions in S&P Global Ratings’ Sole Discretion. S&P Global Ratings may assign, raise, lower, suspend, place on CreditWatch, or withdraw a credit rating, and assign or revise an Outlook, at any time, in S&P Global Ratings’ sole discretion. S&P Global Ratings may take any of the foregoing actions notwithstanding any request for a confidential or private credit rating or a withdrawal of a credit rating, or termination of this Agreement. Publication. S&P Global Ratings reserves the right to use, publish, disseminate, or license others to use, publish or disseminate the credit rating provided hereunder and any analytical reports, including the rationale for the credit rating, unless you specifically request in connection with the initial credit rating that the credit rating be assigned and maintained on a confidential or private basis. If, however, a confidential or private credit rating or the existence of a confidential or private credit rating subsequently becomes public through disclosure other than by an act of S&P Global Ratings or its affiliates, S&P Global Ratings reserves the right to treat the credit rating as a public credit rating, including, without limitation, publishing the credit rating and any related analytical reports. Any analytical reports published by S&P [Showing first 8,000 characters — download PDF for full document]