Why Kerala's communist CM Pinarayi Vijayan is heading to London Stock Exchange
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Why Kerala's communist CM Pinarayi Vijayan is heading to London Stock Exchange

By Livemint   02-May-2019

Why Kerala's communist CM Pinarayi Vijayan is heading to London Stock Exchange

Kerala's communist chief minister Pinarayi Vijayan will leave for a 10-day Europe tour next week to attend the listing ceremony of one of his pet projects, a state-supported masala bond (rupee-denominated offshore bond) on the London Stock Exchange (LSE).
The listing is after the Kerala government-supported company Kerala Infrastructure Investment Fund Board (KIIFB) recently raised Rs. 2,150 crore through a masala bond issue, making it the first state supported entity in India to borrow offshore.

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