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Security Name: 8.95% Kerala Infrastructure Investment Fund Board 22 Dec 2031

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ISIN:
INE658F08094
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Taxable

Tax Category

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22 Dec, 2031

Maturity Date
(7 Yr 16 D to mature)

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Quarterly

Interest Payment Frequency

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Yes

NRI Eligibility

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22 Dec, 2023

Allotment Date

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NA

Put Date

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22 Dec, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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₹NaN

Dirty Price

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8.95%

Coupon

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Fixed Interest

Coupon Basis

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8.9724%

Current Yield

YOUR EARNING
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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA (CE) / Stable
ACUITE
AA (CE) / Stable
IND
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Kerala Infrastructure Investment Fund Board

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.

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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.

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Interest coverage ratio

Recent News
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KIIFB allotted Rs 204 crore

Mar 27, 2024 | Kerala Infrastructure Investment Fund Board

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KIIFB Approves Rs.860 Bn for Development Projects in Kerala

Aug 22, 2024 | Kerala Infrastructure Investment Fund Board

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Work Near Home centres at Kottarakkara and Perinthalmanna, KIIFB interest-free loan for 80% project cost

Sep 16, 2024 | Kerala Infrastructure Investment Fund Board

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STEPS TO BUY THIS BOND
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹99.75
Clean Price
9.3037%
Yield (YTM)
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Principal Amount
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BOND VALUE DETAILS

Face Value
Market Value
Stamp Duty
Total Investment

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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