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Kerala Infrastructure Investment Fund Board

Last Offered Yield to Maturity12.4000%
Balance Tenure1 year 11 months
Rating Acuite AA(CE) by ACUITE and IND AA-/Stable by IRRPL.
Int. Payment FrequencyQUARTERLY
Coupon Rate9.3%
Maturity DateApr 26, 2028
Repayment PrioritySenior
Type of SecuritySecured – Regular Bond/Debenture

Bond Details

Secured Bond

Essential Details

Face Value₹100000
Call Date–
Put Date–
Allotment DateJan 21, 2026
Redemption Date 21 Jan 2032, Wed
Last Interest Payment DateMay 26, 2026
Next Interest Payment Date 26 Jun 2026, Fri
Security ClassDebentures
Coupon TypeFixed Interest
Type of GuaranteeNot guaranteed
ListingListed
Current Yield 11.3107%
Staggered BondYes
Compound EligibleNo

Issue Details

Security NameSPANDANA SPHOORTY FINANCIAL LIMITED 11.25 NCD 26AP28 FVRS10000
Issue Size₹2142900000 Crores
Debenture TrusteeCatalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)
Registrar DetailsKFIN Technologies Private Limited
Mode of IssuancePrivate Placement
Business SectorNon-Banking Financial Company (NBFC)
OwnershipNon PSU
Tax SavingNo

Cashflow

Indicative cashflow per unit (Face Value ₹10,000). Monthly interest at a coupon of 11.2500%.

Payment DateTypeAmount / Unit
No Data Available

Know this Issuer

It’s essential to understand the issuer of the bonds where you’re investing your money.

IssuerKerala Infrastructure Investment Fund Board
Business Sector-
OwnershipNon PSU
Listing Status-

Spandana Sphoorty Financial Limited is a microfinance-focused NBFC providing income-generation loans to lower-income households across India. Review the issuer’s financials, rating rationale and offer documents before investing.

Credit Rating

Each bond is regularly evaluated by multiple reputed rating agencies.

Credit RatingICRA BBB+
Credit OutlookNegative
Date of RatingApr 24, 2026

Bond Calculator

Estimate your investment and returns for this bond. Figures are indicative and exclude transaction charges and taxes.

Price per unit ₹9,940.30 • Face Value ₹10,000.00
Amount Invested₹9,940.30
Annual Interest₹1,125.00
Est. Total Interest₹2,160.00
Maturity Value₹10,000.00

Disclaimer

Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider at their given price or yield are subject to availability and market cut-off timings.

Note: The listing of securities herein above shall not be considered as an advertisement, endorsement, recommendation to invest and/or offer for sale. Order(s) can be initiated on RFQ platform of the Stock Exchanges only during market hours. Settlement of the transactions is subject to acceptance of deal by counter-party and fulfillment of pay-in obligations by buyer and seller.

Frequently asked questions about Kerala Infrastructure Investment Fund Board 9.3% NCD

Kerala Infrastructure Investment Fund Board 's 9.3% NCD carries a fixed coupon rate of 9.3% per annum, paid monthly. The bond currently offers a yield to maturity of 12.40% over its remaining tenure of 1 year 11 months, maturing on 26 Apr 2028. The bond is rated ICRA BBB+ with a Negative credit outlook as of 24 Apr 2026, and ranks senior in repayment priority as a secured debenture.
An NCD, or Non-Convertible Debenture, is a fixed-income debt instrument issued by a company that cannot be converted into equity shares, unlike convertible debentures. NCDs are issued by corporates and NBFCs to raise funds and typically offer higher yields than government bonds to compensate for higher credit risk, since they depend on the issuing company's financial strength rather than a sovereign guarantee. Government bonds, by contrast, are issued and backed by the central government and generally carry the lowest credit risk among fixed-income instruments.
This NCD pays interest monthly, with the last interest payment on 26 May 2026 and the next interest payment due on 26 Jun 2026. The bond matures on 26 Apr 2028, at which point the principal and final interest amount are paid together. The full indicative cashflow schedule, including all upcoming payment dates and amounts per unit, is available on this page.
Yes, this NCD is classified as a Secured Regular Bond/Debenture, meaning it is backed by specific assets of the issuer that can be claimed by bondholders in the event of default. The bond carries Senior repayment priority, meaning senior debenture holders are repaid before subordinated or unsecured creditors in case of liquidation. The type of guarantee on this bond is listed as not guaranteed beyond the security backing.
As per Section 193 of the Income Tax Act, 1961, TDS is deducted at 10% (or the rate notified at the time) on interest paid on securities issued by companies other than Central or State Government securities. This applies to interest payments from this NCD. Investors should account for applicable TDS when estimating their net interest income and consult a tax advisor for guidance specific to their situation.
You can review the bond details, cashflow schedule, issuer information, and credit rating for Kerala Infrastructure Investment Fund Board 9.3% NCD on this page, then use the bond calculator to estimate your investment outlay and expected returns before placing an order. As a SEBI-registered Online Bond Platform Provider, Chola Securities allows orders to be placed on the RFQ platform of the stock exchanges during market hours, subject to availability and counterparty acceptance.