8.95% KERALA INFRASTRUCTURE INVESTMENT FUND BOARD 21/Dec/2029

Term Sheet
INE658F08110
*(Eligible Investors - Individual,HUF,Corporate,Trust ) High Return bond

Bond's Rating

Rating Agency Rating Remarks Rating Rationale
INDIA RATING AA(CE) Stable - Click Here
Acuite (SMERA) AA(CE) Stable - 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

8.9500% (Fix)

Issue Date

22/Dec/2023

Maturity Date

21/Dec/2029

Remaining Period

5y 7m 22d

Tax Free

No

Interest Payment Type

Simple

Interest Frequency

Quarterly

Issue Size (in Crores)

214.28

Max. Available Quantity

30

TDS on Interest

Yes

Call Option

N.A.

Put Option

N.A.

Govt. Guarantee

State Government

Security

Unsecured

Name of Debenture Trustee

Catalyst Trusteeship Limited

Remarks

Investments in debt securities are subject to risks. Read all the offer related documents carefully.