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)

Instrument Rating
A
Adequate Safety
A
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Date Verified
24 Aug 2023
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Outlook
Stable
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Seniority in Repayment
None
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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
₹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

About the issuer

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

FAQs about INE614B08039 issued by The Karnataka Bank Limited

The instrument name of INE614B08039 ISIN is THE KARNATAKA BANK LIMITED SERIES V 12 NCD 16NV28 FVRS1LAC.
The interest earned from INE614B08039 bond issued by The Karnataka Bank Limited is paid Annually, ensuring regular and consistent income for investors.
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.
This Bond offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
The INE614B08039 Bond is issued by The Karnataka Bank Limited, a PSU company.