Kerala 1st state to list Masala bond
21, May 2019
Prelims level : Mains level :
- 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.