Company Overview - Kerala Infrastructure Investment Fund Board

Key Highlights:

Existence of unconditional, irrevocable and continuing pre-default guarantee agreement executed between the Government of Kerala and KIIFB.

All existing, new and proposed bonds are also secured by an exclusive charge on KIIFB’s BSA (bond servicing account), DSRA (debt service reserve account) and FD in favour of trustee. GoKe takes responsibility of replenishing the upfront FD and infusing funds to KIIFB for redeeming bondholders in case of a cross default.

In the transaction structure, the MVT (motor vehicle tax) and petroleum cess received in KIIFB’s collection account daily during April to December every year, will be deposited in KIIFB’s BSA and should comfortably meet the debt service obligations of the bonds throughout the tenor.

Overview:

Kerala Infrastructure Investment Fund Board (KIIFB) was established as the principal funding arm of Government of Kerala in 1999 by the Kerala Infrastructure Investment Fund Act 1999 (Act 4 of 2000). Through various functions provided in the act, KIIFB aims to channelize fund for critical and large public infrastructure projects in Kerala. Comprehensive modifications to the Act have been enacted through Kerala Infrastructure Investment (Amendment) Act, 2016. With the expanded scope and structure provided under the amended Act, KIIFB is now mobilising and channelling funds for facilitating planned, hassle-free and sustainable development of both physical and social infrastructure including major land acquisition needs that are integral to development ensuring all round wellbeing and prosperity, using financial instruments approved by Securities & Exchange Board of India (SEBI) and Reserve Bank of India (RBI).

The sharp spike in pace, coverage, competency and quality witnessed by the public infrastructure development ecosystem in the state within a short while with the interventions of restructured KIIFB would remain as the all-time testimony for the highest degrees of commitment being showcased by it in harnessing innovative technologies and widely recognized standards of quality control in infrastructure project management. This fact is always recognized by national and international financial institutions and external rating agencies. With the strong and stable backup of all the above, 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.

Board

Shri Pinarayi Vijayan- Hon'ble Chief Minister of Kerala- Chairperson

Shri K N Balagopal- Hon'ble Minister for Finance- Non-Executive

Shri Sushil Khanna- Independent

Shri KM Abraham- Executive

Key Financials- FY25:

All figures in INR crore

Lenders:

The prominent lenders in Kerala Infrastructure Investment Fund board include:

Banks:

·       SBI

·       Indian Bank

·       Bank of Baroda

·       Bank of India Limited

·       The Bank of Maharashtra Limited 

FI:

·       NABARD

·       REC

·       HUDCO

·       KFC

Equity: Government Of Kerala

Explore corporate bonds below for Kerala Infrastructure Investment Fund Board

Above mentioned corporate bond details are as of Date: 20.08.2025.

Disclaimer:

Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.