Board of Karnataka Bank approves issuance of Tier 2 bonds up to Rs 300 cr

27 Mar 2022 , 01:33 AM

The Board of Karnataka Bank at its meeting held on 22 March 2022 has approved the proposal for issuance of Basel III compliant Unsecured Tier-2 Subordinated Bonds in the nature of Debentures with a base issue size of Rs150 crore and a green shoe option to retain oversubscription up to Rs150 crore aggregating up to Rs 300 crore in one or more tranches on private placement basis