Karnataka Bank Limited - INE614B08039
Banks
corporate
Coupon Rate
12.00%
Maturity Date
16 Nov 2028
ISIN
INE614B08039
Face Value
₹1,00,000
About Issue
This A rated bond from Karnataka Bank Limited, a corporate, offers a Fixed coupon of 12% with maturity on 16 November 2028. Issued through the Private placement as under ISIN INE614B08039, with a solid investment-grade rating, this bond offers an attractive opportunity for investors willing to accept moderate credit risk in exchange for higher yields. An ideal pick for investors aiming to boost portfolio returns, while staying within the boundaries of credible credit quality in the NBFC space.
Key Attributes
Rating
CARE A (Stable)
Mode of Issue
Public
Private
Tax Saving
Yes
No
Collateral Security
Secured
Unsecured
Seniority
Senior
Non-Senior
Deal Details
Interest Frequency
Yearly
Principal Frequency
-
Coupon Type
Fixed
Sector
corporate
Total Issue Size
-
Allotment Date
16 Nov 2018
Remaining Tenure
3Y 4M
Security Name
Karnataka Bank, 12% 16nov2028, INR (V)
Risk Assessment
Credit Rating
Rating
CARE A (Stable)
Date of Rating
23 Aug 2023
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