12.00% THE KARNATAKA BANK LIMITED 18Feb29 Bond
ActivePSUUnsecured
Instrument Details
ISIN: INE614B08047
Face value
₹1,00,000
Coupon rate
12.00%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
400
Instrument Type
Bond
Returns
High
Date of Issue
18 Feb 2019
Maturity Date
18 Feb 2029
Perpetual
Yes
Listing Status
Listed
Rating status
A Rated
Call Option
Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 2-Lower
Guarantee Type
Non Convertible
About this Bond
THE KARNATAKA BANK LIMITED SR VI 12 BD 18FB29 FVRS1LAC
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 A rating to
this Bond on 30Aug19. 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
18-Feb-19 : Your investment
₹12,00,000
18-Feb-20 : Interest
₹12,00,000
18-Feb-21 : Interest
₹12,00,000
18-Feb-22 : Interest
₹12,00,000
18-Feb-23 : Interest
₹12,00,000
18-Feb-24 : Interest
₹12,00,000
18-Feb-25 : Interest
₹12,00,000
18-Feb-26 : Interest
₹12,00,000
18-Feb-27 : Interest
₹12,00,000
18-Feb-28 : Interest
₹12,00,000
18-Feb-29 : Interest
₹2,20,00,000
18-Feb-29 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹1,20,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
12.00%
Returns
High
Bond Rating
A
Seniority in Repayment
Subordinate Tier 2-Lower
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
Still got questions? We’re here to help.
How frequently is the interest paid?
The interest earned from this Bond is paid Annually.
What is the rating of this Bond?
CARE RATINGS LIMITED has rated this bond as A.
Are the returns from this Bond exempted from Taxation?
No, one has to pay Tax on the returns
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.