Karnataka Bank Ltd. confirmed the timely annual interest payment for its Subordinated Debt Instruments (Tier 2 Bonds) issued under Series VII (ISIN: INE614B08054). The total interest amount disbursed was ₹32.10 crore against an issue size of ₹300.00 crore. The actual payment date was March 30, 2026, adhering to the yearly frequency schedule set out in the terms of issuance.
Confirmation of Debt Servicing
Karnataka Bank Ltd. has submitted the requisite details confirming the successful and timely payment of the annual interest due on its Subordinated Debt Instruments, specifically the Tier 2 Bonds issued under Series VII. The corresponding ISIN for these instruments is INE614B08054.
Key Financial Details of the Payment
The filing outlines the critical financial data related to this interest servicing event. The total issue size for these bonds stands at Rs. 300.00 crore. The calculated interest amount disbursed for the period was Rs. 32.10 crore.
The payment frequency for this instrument is stipulated as Yearly. The due date for the interest payment was March 30, 2026, and the actual date of payment was confirmed as March 30, 2026.
Record Date and Historical Context
The interest payment record date was set as March 13, 2026. Notably, the previous interest payment date occurred on March 31, 2025. This date adjustment was made because the scheduled anniversary date, March 30, 2025, fell on a non-business day, requiring the payment to be executed on the next business day, March 31, 2025, as per the prevailing convention in the issue terms.
Redemption Status
The announcement confirms that there are Not Applicable details regarding any redemption payments at this time, as this notice specifically pertains only to the interest component.
Source: BSE
