10.7% THE KARNATAKA BANK LIMITED 2032
Information Memorandum (I.M.)
Term Sheet
INE614B08054
*(Eligible Investors - Individual,NRI,HUF,Corporate,Trust,Minor )
High Return bond
Issuer's Type
Private Bank
About Issuer :
Karnataka Bank has completed 94 years of banking and currently has 814 branches, 1528 ATMs and a presence in 22 states and 2 union territories. The bank has a strong presence in South India with 621 branches as on March 31, 2018 (of which 492 branches are located in Karnataka). Quarterly net profit was Rs. 140.41 crore in December 2018 which is up by 60.69% from Rs. 87.38 crore in December 2017.
Issuer's Link
Issuer's Financial Link
A Quick Highlight. Face Value (In INR) and Issue Size (In INR Crores)
Face Value
1,00,00,000.00
Coupon Rate
10.7000% (Fix)
Issue Date
30/Mar/2022
Maturity Date
30/Mar/2032
Remaining Period
2y 5m 9d
Tax Free
No
Interest Payment Type
Simple
Interest Frequency
Annual
Issue Size
(in Crores)
300.00
Max. Available Quantity
3
TDS on Interest
No
Call Option
30/Mar/2027
Put Option
N.A.
Govt. Guarantee
No
Security
Unsecured
Remarks
Yield is calculated upto call date i.e. YTC (Yield to Call). Please Consider The Risk Before Investing.
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