We have launched our mobile app, get it now. Or call : 9354229384, 9354252518, 9999830584.

News in Short

Filter By Date

Filter By Date

Kerala: 1st state to list Masala Bond in overseas market

Date: 21 May 2019 Tags: Infrastructure
  • Kerala became first Indian state issue masala bond in oversees market. It listed Kerala Infrastructure Investment Fund Board (KIIFB)’s masala bond  in London Stock Exchange (LSE)’s International Securities Market (ISM).
  • The masala bond are worth of USD 312 million (Rs 2,150 crore. It has tenor of 5-year and a 9.723% coupon.
  • Its main objective is tap masala bond market and to rebuild the infrastructure in Kerala from the proceeds of masala bond.
  • Masala bonds: They are rupee-denominated bonds through which Indian entities can raise money from foreign markets in rupee and not in foreign currency.