Description
BSE lists seven new debt securities issued by Kerala Infrastructure Investment Fund Board with 9.67% interest rate and maturity periods from 2029 to 2035.
Summary
BSE has listed seven new debt securities issued by Kerala Infrastructure Investment Fund Board (KIIFB) on private placement basis, effective August 11, 2025. All securities carry a 9.67% per annum interest rate with quarterly payments and face value of Rs. 1,00,000 each.
Key Points
- Seven debt securities listed with scrip codes 977006 to 977012
- All securities have identical terms: 9.67% interest rate, Rs. 1,00,000 face value
- Maturity periods range from August 8, 2029 to August 8, 2035
- Each security has 21,429 quantity with market lot of 1
- Credit rating: Acuite AA(CE), INDIA AA(CE)
- Date of allotment: August 8, 2025
- Trading only in dematerialized form
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Securities to be traded under specified ISIN numbers
- Refer to Placement Memorandum for additional details
Important Dates
- Listing Date: August 11, 2025
- Allotment Date: August 8, 2025
- First Interest Payment: August 11, 2025
- Maturity Dates: August 8, 2029 to August 8, 2035 (staggered)
- Interest Payment Frequency: Quarterly
Impact Assessment
Limited market impact as this is a routine listing of infrastructure debt securities. The securities provide institutional investors with AA-rated investment options in Kerala’s infrastructure development projects. The staggered maturity structure from 2029-2035 offers varied investment horizons for debt market participants.
Impact Justification
Routine listing of debt securities with limited market impact