Description
BSE announces listing of seven new debt securities by KIIFB 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 interest payments and face value of Rs. 1,00,000 each.
Key Points
- Seven debt securities with scrip codes 977006 to 977012 listed on BSE Debt segment
- All securities have identical terms: 9.67% interest rate, Rs. 1,00,000 face value, quarterly interest payments
- Maturity periods range from August 8, 2029 to August 8, 2035
- Credit rating: Acuite AA(CE), INDIA AA(CE)
- Each security has 21,429 quantity with market lot of 1
- Date of allotment: August 8, 2025
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Securities will trade only in dematerialized form under specified ISIN numbers
- Tick size for securities is 1 paise
- Trading members should refer to Placement Memorandum for further details
Important Dates
- Listing Date: August 11, 2025
- Allotment Date: August 8, 2025
- First Interest Payment: August 11, 2025
- Maturity Dates: August 8, 2029 through August 8, 2035 (staggered)
Impact Assessment
Minimal market impact as this is a standard debt security listing for infrastructure financing. The securities provide investment opportunities in Kerala’s infrastructure development with AA credit rating, appealing to institutional investors seeking steady income instruments.
Impact Justification
Standard debt security listing announcement with no market-wide implications