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Published on 3/20/2007 in the Prospect News Emerging Markets Daily.

Karnataka Bank board to consider private placement of tier II bonds

By Laura Lutz

Columbus, Ohio, March 20 - Karnataka Bank Ltd.'s board will meet on March 26 to consider a private placement of unsecured redeemable non-convertible subordinated tier II bonds series I through promissory notes or debentures.

Karnataka is a bank with headquarters in Mangalore, India.


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