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12% The Karnataka Bank Limited - A Rated (INE614B08039)
ActivePSUUnsecured
Instrument Details
ISIN: INE614B08039
Face value
₹1,00,000
Coupon rate
12%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
800
Instrument Type
Bond
Returns
High
Date of Issue
16 Nov 2018
Maturity Date
16 Nov 2028
Perpetual
Yes
Listing Status
Listed
Rating status
A (CARE Ratings)
Call Option
Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
THE KARNATAKA BANK LIMITED SERIES V 12 NCD 16NV28 FVRS1LAC
The Karnataka Bank Limited, a Finance company, has floated Bond,
having ISIN value as INE614B08039, with a face value of ₹1,00,000 rs on 16Nov18 to raise 800 crores. The debt instrument
is issued with a coupon rate of 12% 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. DATE OF MATURITY 16/11/2028. 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 20Nov18. CARE RATINGS LIMITED has given A rating to
this Bond on 16Nov18. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000
Cashflow
₹1,00,00,000
16-Nov-18 : Your investment
₹12,00,000
16-Nov-19 : Interest
₹12,00,000
16-Nov-20 : Interest
₹12,00,000
16-Nov-21 : Interest
₹12,00,000
16-Nov-22 : Interest
₹12,00,000
16-Nov-23 : Interest
₹12,00,000
16-Nov-24 : Interest
₹12,00,000
16-Nov-25 : Interest
₹12,00,000
16-Nov-26 : Interest
₹12,00,000
16-Nov-27 : Interest
₹12,00,000
16-Nov-28 : Interest
₹2,20,00,000
16-Nov-28 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹1,20,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
12%
Returns
High
Bond Rating
A
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Finance
HEAD OFFICE
Mangalore
SECTOR
-
ISSUER OWNERSHIP
PSU
Other Bonds of The Karnataka Bank Limited
FAQs about INE614B08039 issued by The Karnataka Bank Limited
What is the instrument name of INE614B08039 ISIN?
The instrument name of INE614B08039 ISIN is THE KARNATAKA BANK LIMITED SERIES V 12 NCD 16NV28 FVRS1LAC.
How frequently is the interest paid on INE614B08039 bond issued by The Karnataka Bank Limited?
The interest earned from INE614B08039 bond issued by The Karnataka Bank Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE614B08039 bond issued by The Karnataka Bank Limited?
This INE614B08039 bond issued by The Karnataka Bank Limited has been assigned a credit rating of A by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE614B08039 bond issued by The Karnataka Bank Limited?
This Bond offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE614B08039 Bond?
The INE614B08039 Bond is issued by The Karnataka Bank Limited, a PSU company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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