09.49% KERALA INFRASTRUCTURE INVESTMENT FUND BOARD 08-OCT-2031 (STRPP-D)

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD

INE658F08276

Bond's Rating

Rating Agency	Rating	Remarks	Rating Rationale

Face Value
1,00,000.00

Coupon Rate
9.49%

Issue Date
08 Oct 2024

Maturity Date
08 Oct 2031

Remainig Period
7 y 0 m -8 d

Tax Free
No

Int. Payment Type
Simple

Int. Frequency
Quarterly

TDS on Interest
Yes

Call Option

Put Option

Govt. Guarantee
Yes

Listing
Yes

Yield to Maturity
9.85%

Mode of Issue
Private

Coupon Type
Fixed Interest

IP Dates
8-Jan

Available Quantity
UP TO 50 LACS

Security
Unsecured

Seniority Repay
Senior

Registrar Details
Cameo Corporate Services Ltd

Issue Details

Issue Size
142.86 Crores

Business Sector

Ownership
NONPSU

Debenture Trustee
Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Key Highlights

Credit Ratings

Low SafetyHigh Safety

About Issuer

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD

Established on November 11, 1999, Kerala Infrastructure Investment Fund Board (KIIFB) serves as the principal funding arm of the Government of Kerala, created under the Kerala Infrastructure Investment Fund Act 1999 (Act 4 of 2000). KIIFB focuses on channeling funds for critical public infrastructure projects across Kerala, having approved funding for projects totaling INR 60,102 crores. These projects span essential sectors such as healthcare, education, transportation, water supply, and power supply.