9.08% Karnataka State Financial Corporation - AA Rated (INE549F08517)

Karnataka State Financial Corporation, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE549F08517, with a face value of ₹7,50,000 rs on 04Feb13 to raise 190 crores. The debt instrument is issued with a coupon rate of 9.08% and its interest is paid Semi 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 9.08% REDEEMABLE NON CONVERTIBLE TAXABLE UNSECURED BONDS IN NATURE OF DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 04/02/2025.. This instrument is issued in Private Placement mode. It has Simple coupon type with Not Applicable option. The Bond is Not listed on any stock exchange. CARE Ratings Limited has given AA-(CE) rating to this Bond on 04Feb13. This issuer is formerly known as MYSORE STATE FINANCIAL CORPORATION Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.