8.90% KERALA FINANCIAL CORPORATION 2031

Term Sheet
INE818F07179
*(Eligible Investors - Individual,HUF,Corporate,Trust ) High Return bond

Bond's Rating

Rating Agency Rating Remarks Rating Rationale
Acuite (SMERA) AA Stable - -
Infomerics AA Stable - -

Issuer's Type

PSU

About Issuer :

Kerala financial corporation has 16 Branch Offices with its Head Quarters at Thiruvananthapuram and Zonal Offices at Kozhikode, Ernakulam and Thiruvananthapuram. The main objective of KFC is the rapid industrialization of the state by extending financial assistance to Micro, Small and Medium Enterprises in manufacturing and service sector. Since inception KFC has disbursed over Rs. 3000 Crores to more than 40,000 projects, spread over the length and breadth of the State. The Corporation is the first PSU in Kerala and first SFC in India to initiate Corporate Social Responsibility activity.

Issuer's Link

https://www.kfc.org/

Issuer's Financial Link

https://kfc.org/menu/shareholding/31


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

Face Value

1,00,000.00

Coupon Rate

8.9000% (Fix)

Issue Date

24/Mar/2023

Maturity Date

31/Mar/2031

Remaining Period

6y 11m 7d

Tax Free

No

Interest Payment Type

Simple

Interest Frequency

Quarterly

Issue Size (in Crores)

150.00

Max. Available Quantity

20

TDS on Interest

Yes

Call Option

N.A.

Put Option

N.A.

Govt. Guarantee

No

Security

Secured


Name of Debenture Trustee

Catalyst Trusteeship Limited


Remarks

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