Description
BSE announces listing of seven new debt securities by KIIFB with 9.67% interest rate and maturities from 2029 to 2035.
Summary
BSE announces the listing of seven new debt securities issued by Kerala Infrastructure Investment Fund Board (KIIFB) on private placement basis. The securities carry a 9.67% per annum interest rate with quarterly payments and maturity dates ranging from 2029 to 2035.
Key Points
- Seven new debt securities listed with scrip codes 977006 to 977012
- Face value and issue price: ₹1,00,000 per security
- Interest rate: 9.67% per annum paid quarterly
- Credit rating: Acuité AA(CE), INDIA AA(CE)
- Quantity: 21,429 securities for each series
- Market lot: 1 security
- Securities will trade in dematerialized form only
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for debt securities.
Compliance Requirements
- Trading members must handle securities in dematerialized form only
- Tick size for trading is 1 paise
- Reference to placement memorandum available on BSE website for detailed terms
Important Dates
- Allotment date: August 8, 2025
- Trading commencement: August 11, 2025
- First interest payment: November 8, 2025
- Maturity dates: August 8, 2029 through August 8, 2035 (different series)
Impact Assessment
Minimal market impact as these are institutional debt securities with high face value (₹1 lakh) targeting sophisticated investors. The securities provide infrastructure funding mechanism for Kerala state projects with competitive interest rates for the current market environment.
Impact Justification
Routine listing notification for institutional debt securities with limited market impact