Kerala government preps debut Masala bond

rupees 230-150x
By Morgan Davis
05 Nov 2018

The government of Kerala is poised to sell its debut offshore rupee bond after a non-deal roadshow this month, in what could be the first Masala issuance since April.

The south Indian state plans to raise up to $300m-equivalent through financing vehicle Kerala Infrastructure Investment Fund Board, a KIIFB official told GlobalCapital Asia

The borrower will meet investors this month in a non-deal roadshow to gauge their interest in a five year bond. If the roadshow proves successful, ...

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