csrreporters 
Union Bank of Nigeria has successfully completed the full redemption of its Series Two 15.75% Bond Issue, paying a total of N6.314 billion in principal and coupon to bondholders on September 3, 2025. This milestone reaffirms the Bank’s commitment to its financial stakeholders and regulatory compliance under the Securities and Exchange Commission (SEC).
Issued under the Bank’s N100 billion Debt Issuance Programme, the Series Two Bond was fully subscribed, with the final coupon payment settled as scheduled. The timely completion of this process comes shortly after Union Bank’s merger with Titan Trust, further positioning the institution as a trusted financial partner.
Speaking on the achievement, Tosin Ibikunle, Head of Strategy and Planning at Union Bank, noted:
“The successful redemption of our bond demonstrates Union Bank’s unwavering dedication to fulfilling obligations, strengthening investor confidence, and showcasing our solid financial position. It also signals our readiness to deepen partnerships and foster sustainable growth across Nigeria’s financial landscape.
The Bank’s collaboration with ARM Trustees and UTL Trustees in ensuring seamless compliance reflects its commitment to governance excellence and transparency. This not only enhances investor confidence but also reinforces Union Bank’s role as a partner in driving inclusive economic growth.
Established in 1917, Union Bank continues to stand out for its “Simpler, Smarter Banking” philosophy, nationwide reach, and investment in digital innovation all aimed at empowering individuals, businesses, and institutions to thrive.
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