Karnataka Bank Limited
Banks
corporate
Banks
corporate
Tenure
2Y 2M
- Tenure
- 2Y 2M
About Issuer
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.
Summary
Interest
Yearly
Principal
As per Schedule
COUPON RATE
12.00%
FACE VALUE
-
MATURITY DATE
16 Nov 2028
SECTOR
corporate
COLLATERAL SECURITY
Unsecured
TAX STATUS
Taxable
TRUSTEE
-
ISIN
INE614B08039
Credit rating
Rating
CARE A
Rating Agency
CARE Ratings
Date of Rating
23 Aug 2023
Rating
CARE A
Rating Agency
CARE Ratings
Date of Rating
23 Aug 2023
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