9.49% KERALA INFRASTRUCTURE INVESTMENT FUND BOARD 2028

Information Memorandum (I.M.)
Term Sheet
INE658F08227
*(Eligible Investors - Individual,NRI,HUF,Corporate,Trust ) High Return bond

Bond's Rating

Rating Agency Rating Rating Date Rating Rationale
INDIA RATING AA(CE) Stable 18/Oct/2024 Click Here
Acuite (SMERA) AA(CE) Stable 23/Oct/2024 Click Here

Issuer's Type

PSU

About Issuer :

Kerala Infrastructure Investment Fund Board (KIIFB) was established as the principal funding arm of Government of Kerala on 11.11.1999 by the Kerala Infrastructure Investment Fund Act 1999 (Act 4 of 2000).

Issuer's Link

https://kiifb.org/

Issuer's Financial Link

https://kiifb.org/resources.jsp

A Quick Highlight. Face Value (In INR) and Issue Size (In INR Crores)

Face Value

1,00,000.00

Coupon Rate

9.4900% (Fix)

Issue Date

08/Oct/2024

Maturity Date

08/Oct/2028

Remaining Period

3y 10m 16d

Tax Free

No

Interest Payment Type

Simple

Interest Frequency

Quarterly

Issue Size (in Crores)

142.86

Mode of issuance

Private Placement

TDS on Interest

Yes

Call Option

N.A.

Put Option

N.A.

Govt. Guarantee

State Government

Security

Senior Unsecured

Name of Debenture Trustee

Catalyst Trusteeship Limited

Listing status

Listed

Remarks

Investments in debt securities/ municipal debt securities/ securitised debt instruments are subject to risks including delay and/ or default in payment. Read all the offer related documents carefully.