The Karnataka Bank Limited — Important, 02-04-2025: Updates

Karnataka Bank Ltd. has submitted its half-yearly statement regarding debt securities issued through private placement for the period ending March 31, 2025. The statement outlines the issuance details of its non-convertible debentures, specifically focusing on those issued under ISIN INE614B08054. The bank issued ₹300 crore worth of these securities on March 30, 2022, with a maturity date of March 30, 2032, and a coupon rate of 10.70% per annum, featuring annual interest payments. The outstanding amount remains ₹300 crore. This issuance is complemented by a call option that can be exercised after a minimum of five years, pending RBI's approval. This financial maneuver is indicative of the bank's ongoing strategy to manage its liabilities effectively.