12.00% The Karnataka Bank Limited (INE614B08047)

The Karnataka Bank Limited, a Finance company, has floated Bond, having ISIN value as INE614B08047, with a face value of ₹1,00,000 rs on 18Feb19 to raise 400 crores. The debt instrument is issued with a coupon rate of 12.00% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 12% UNSECURED, LISTED REDEEMABLE, NON-CONVERTIBLE BASEL-III SUBORDINATED BONDS IN THE NATURE OF DEBENTURES. SERIES VI. DATE OF MATURITY 18/02/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 20Feb19 & on BSE stock exchange on 20Feb19. CARE RATINGS LIMITED has given WITHDRAWN rating to this Bond on 18Feb19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.