Karnataka Bank Ltd Issues Rs. 300 Crore Debt Securities Under Private Placement

Karnataka Bank Ltd has issued debt securities worth Rs. 300 crore under the private placement basis. The securities have a maturity date of 30.03.32 and a coupon rate of 10.70% per annum. The payment frequency is annual, and the securities come with an embedded call option after five years from the date of allotment, subject to RBI's prior approval.