KERALA INFRASTRUCTURE INVESTMENT FUND BOARD Coupon 9.67% | State Govt Guaranteed Bond

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Returns (YTM)

9.74%

Min. Investment

₹ 1,02,287.13

Remaining Tenure

6Y 10M 26Days

Payment Terms

Quarterly

Highlights

Credit Rating

IND AA/STABLE

Seniority

SENIOR

Security

Unsecured

Default History

Zero

About Issuer

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD

Kerala Infrastructure Investment Fund Board (KIIFB), established under the KIIF Act of 1999, serves as the principal funding arm of the Government of Kerala for infrastructure development. Since its inception on November 11, 1999, KIIFB has played a crucial role in identifying infrastructure gaps and mobilizing funds for large-scale public projects.

With an expanded mandate under the 2016 amendment, it facilitates planned and sustainable development across key sectors, using financial instruments approved by SEBI and RBI. Recognized by national and international financial institutions, KIIFB has approved projects worth INR 60,102 crores, driving growth in healthcare, education, transportation, water, and power supply.

Total Annual Revenue

Year of Inception

1999

Industry

State Govt Backed

Head Office

THIRUVANANTHAPURAM

Type of Issuer

Corporate

Current MD/CEO

Dr. K.M.Abraham

Credit Rating / Outlook

AA STABLE

IND

Rating Rationale

Rating Date: 23-Jun-2025

AA STABLE

ACUITE

Rating Rationale

Rating Date: 06-Jun-2025

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AA credit rating are considered to have a high degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry very low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD

Security Name

9.67% KERALA INFRASTRUCTURE INVESTMENT FUND BOARD UnSecured Rated Listed NCD Maturity 8-Aug-2032

ISIN

Copy

INE658F08466

Face Value

₹ 1,00,000

Coupon Rate

9.67%

Coupon Type

FIXED

Payment Terms

Quarterly

Maturity Date

8-Aug-2032

Clean Price

₹ 101.25

Dirty Price

₹ 102.29

Current Yield

9.5502%

Yield to Maturity

9.7396%

Mode of Issue

Private Placement

Date of Issue

8-Aug-2025

Listed

Yes

Instrument Type

Taxable

Security

Unsecured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited

Windsor, 6th Floor Office No. 604, C.S.T Road, Kalina, Santacruz (East) Mumbai -400098

Registrar Details

Cameo Corporate Services Ltd

Subramanian Building No. 1, Club House Road Chennai 600002

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: Cameo Corporate Services Ltd Subramanian Building No. 1, Club House Road Chennai 600002

Unit

Investment Amount

₹ 1,02,287.13

Total Returns

₹ 61,783.22

Total Receivable

₹ 1,64,070.36

Cashflow Timeline

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Payout

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FAQs about KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bonds

How to buy this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond online?

You can invest in bonds online in under 5 minutes. To buy KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond?

9.7396% is the current yield of this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond is 9.7396%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond?

To redeem this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond is generally simple and straightforward. Contact our support team for more information.

Is this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond tax-free?

No, this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond before the maturity date?

Yes, it is possible to sell this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Cashflow Timeline

Timeline

Total Receivable*

Net Receivable**

2025

₹ 2,437.37

₹ 2,193.63

08 Nov

Interest

₹ 2,437.37

Interest

₹ 2,193.63

2026

₹ 9,670

₹ 8,703

2027

₹ 9,663.34

₹ 8,697.01

2028

₹ 9,676.66

₹ 8,708.99

2029

₹ 9,670

₹ 8,703

2030

₹ 9,670

₹ 8,703

2031

₹ 34,663.34

₹ 33,697.01

2032

₹ 78,619.64

₹ 78,257.68

* The interest amount is paid as per total invested face value (₹ 100000) and annual coupon rate of 9.67%. When the bond enters the staggered maturity cycle, it will be calculated based on the outstanding face value.

** The net interest receivable is after 10% TDS for Indian Residents. However for NRI 30% TDS is deducted. The deducted TDS can be claimed while filing ITR.

Highlights

About Issuer

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond online?

What is the yield of this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond?

Is it safe to invest in bonds?

How to redeem this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond?

Is this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond tax-free?

Can I sell this KERALA INFRASTRUCTURE INVESTMENT FUND BOARD bond before the maturity date?

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Cashflow Timeline