Kerala CM rings bell at London Stock Exchange for listing of KIIFB’s masala bonds

On 17th May, 2019, The Chief Minister of Kerala, Pinarayi Vijayan, rang the bell at London Stock Exchange for listing of Kerala Infrastructure Investment Fund Board’s (KIIFB) masala bonds.
Kerala Infrastructure Investment Fund Board is the first state-owned entity to issue masala bonds. Kerala is also the first state in India, to issue masala bonds.
KIIFB has raised Rs 2,150 crore through masala bonds at a fixed interest rate of 9.723% per annum.

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