Instrument Details

ISIN: INE614B08021

Face value

₹10,00,000

Coupon rate

11%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

250

Instrument Type

Bond

Returns

High

Date of Issue

17 Nov 2012

Maturity Date

17 Nov 2022

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not 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 11 BD 17NV22 FVRS10LAC LOA UPTO 18NV12
The Karnataka Bank Limited, a Finance company, has floated Bond, having ISIN value as INE614B08021, with a face value of ₹10,00,000 rs on 17Nov12 to raise 250 crores. The debt instrument is issued with a coupon rate of 11% 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 11% UNSECURED, REDEEMABLE, NON-CONVERTIBLE SUBORDINATED LOWER TIER-II BONDS IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 17/11/2022.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 29Nov12 & on NSE stock exchange on 29Nov12. CARE Ratings Limited has given WITHDRAWN rating to this Bond on 17Nov12. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
Subordinate Tier 2-Lower
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
17-Nov-12 : Your investment
₹1,10,00,000
17-Nov-13 : Interest
₹1,10,00,000
17-Nov-14 : Interest
₹1,10,00,000
17-Nov-15 : Interest
₹1,10,00,000
17-Nov-16 : Interest
₹1,10,00,000
17-Nov-17 : Interest
₹1,10,00,000
17-Nov-18 : Interest
₹1,10,00,000
17-Nov-19 : Interest
₹1,10,00,000
17-Nov-20 : Interest
₹1,10,00,000
17-Nov-21 : Interest
₹1,10,00,000
17-Nov-22 : Interest
₹21,00,00,000
17-Nov-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹11,00,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

11%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

Subordinate Tier 2-Lower

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Mangalore
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE614B08021 issued by The Karnataka Bank Limited

The instrument name of INE614B08021 ISIN is THE KARNATAKA BANK LIMITED 11 BD 17NV22 FVRS10LAC LOA UPTO 18NV12.
The interest earned from INE614B08021 bond issued by The Karnataka Bank Limited is paid Annually, ensuring regular and consistent income for investors.
This INE614B08021 bond issued by The Karnataka Bank Limited has been assigned a credit rating of WITHDRAWN by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 11%, which determines the periodic interest payments made to bondholders.
The INE614B08021 Bond is issued by The Karnataka Bank Limited, a PSU company.