Kerala 1st state to list Masala bond

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  • Kerala became the first state to tap into masala bond market by listing the Kerala Infrastructure
  • Investment Fund Board (KIIFB)’s masala bond in LSE’s International Securities Market (ISM).
  • The masala bond has tenor of 5-year and a 9.723% coupon.
  • The main objective of this initiative was to tap masala bond market and to rebuild the infrastructure in Kerala from the proceeds of masala bond.
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