Mumbai, Sept. 10 -- Union Bank of India's maiden US dollar-denominated bond issuance was oversubscribed by around 7.8 times and listed on NSE-IFSC at GIFT City, marking the bank's return to international debt capital markets after a 12-year gap.

The listing was held at GIFT City, Gandhinagar, through a bell-ringing ceremony organised by NSE International Exchange (NSE IX), the bank said in a press release.

In a press release the bank said that strong investor response is a sign of confidence in its financial position and growth plans.

"The strong response from global investors reflects their confidence in Union Bank of India. They have closely evaluated our balance sheet, asset quality, capital position, governance standards and growth...