Taxable
Tax Category
22 Dec, 2031
Maturity Date
(6 Yr 11 Mo 24 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
22 Dec, 2023
Allotment Date
NA
Put Date
22 Mar, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.95%
Coupon
Fixed Interest
Coupon Basis
8.9724%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
Kerala Infrastructure Investment Fund Board (KIIFB) was established as the principal funding arm of Government of Kerala on 11.11.1999 by the Kerala Infrastructure Investment Fund Act 1999 (Act 4 of 2000). KIIFB aims to channelize funds for critical and large public infrastructure projects in Kerala. So far, KIIFB has approved funding for projects worth INR 60, 102 Crores, covering all vital sectors like Healthcare, Education, Transportation, Water supply and Power supply.
In both FY23 and FY24 , EBITDA is negative, indicating that the company is operating at a loss. Despite this the ratio has improved from 30.91x in FY23 to 23.76x in FY24. This improvement is mainly due to lower negative EBITDA in FY24 compared to FY23.
Debt/EBITDA
EBIT is negative in both years, indicating that the company is not generating enough income to cover its interest expenses. The interest coverage ratio of 0.47x in FY24 (up from 0.40x in FY23) still suggests a very weak ability to service debt. Despite the slight improvement in the ratio, the company remains in a precarious financial position, as it does not have sufficient earnings to cover interest costs.
Interest coverage ratio
Mar 27, 2024 | Kerala Infrastructure Investment Fund Board
Aug 22, 2024 | Kerala Infrastructure Investment Fund Board
Sep 16, 2024 | Kerala Infrastructure Investment Fund Board
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BOND VALUE DETAILS
Cashflow for INE658F08094 |
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Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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Security Name |
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8.95% Kerala Infrastructure Investment Fund Board 22 Dec 2031 |
Credit Rating |
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AA (CE) / Stable by ACUITE AA (CE) / Stable by IND |
Coupon Frequency |
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Quarterly |
Face Value |
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₹1,00,000 |
Coupon |
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8.950000% |
YTM or YTC |
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YTM |
Maturity Date |
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22/12/2031 |
Security |
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Senior Unsecured |
No. of Bonds |
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1 |
Settlement Date |
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Dec 27,2024 |
Principal Amount |
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₹99,750 |
Accrued Interest |
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₹0 |
Stamp Duty |
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₹0 |
Total Amount Payable |
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₹99,750 |
Price |
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₹99.75 |
Yield |
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0% |
Year | Payment Date | Amount | Payout Type |
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Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.