By Marisa Wong
Morgantown, W.Va., March 29 – India’s Kerala Infrastructure Investment Fund Board issued Rs. 21.5 billion of 9.723% fixed-rate synthetic secured guaranteed notes due 2024 on Friday, according to a notice.
Axis Bank Ltd., Singapore Branch and Standard Chartered Bank are the lead managers and bookrunners.
Based in Thiruvananthapuram, India, the issuer manages the infrastructure investment fund of the state of Kerala, investing in critical and large infrastructure projects in the state.
| Issuer: | Kerala Infrastructure Investment Fund Board
|
| Issue: | Fixed-rate synthetic secured guaranteed notes
|
| Amount: | Rs. 21.5 billion
|
| Maturity: | 2024
|
| Bookrunners: | Axis Bank Ltd., Singapore Branch and Standard Chartered Bank
|
| Coupon: | 9.723%
|
| Settlement date: | March 29
|
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