Archive · 4 Aug 2025
KIIFB to Issue STRPP Bonds to Raise ₹1500 Crores
Imagine a company in Kerala, India, called KIIFB.
They need money, so they're selling special bonds.
These bonds are like IOUs with a promise to pay back the money plus extra interest over time.
The bonds are called STRPP and have different lengths of time before they are paid back.
Investors who buy these bonds will receive an interest rate of 9.67% every three months.
The government of Kerala promises to make sure that the money will be paid back, which makes these bonds safer.
Kerala Infrastructure Investment Fund Board (KIIFB) is raising ₹1500 crores ($171.71 million).
The fundraising includes a greenshoe option of ₹10 billion.
The bonds are separately transferable redeemable principal part (STRPP).
Maturities for the bonds range from four to 10 years.
The coupon rate is 9.67%, paid quarterly, with an unconditional guarantee from the Kerala government.
- Who
- Kerala Infrastructure Investment Fund Board (KIIFB).
- What
- KIIFB is raising funds by selling STRPP bonds.
- When
- August 4, 2025 (publication date).
- Where
- Kerala, India.
- Why
- To raise funds.
- Issuer
- KIIFB
- Amount
- ₹1500 crores ($171.71 million), with ₹10 billion greenshoe option
- Bond Type
- STRPP
- Coupon Rate
- 9.67%, payable quarterly
- Maturity
- 4-10 years
- Guarantee
- Unconditional and irrevocable guarantee from Kerala state government