Masala bond: CM Pinarayi Vijayan takes Kerala stock to world
On Friday, it was Chief Minister Pinarayi Vijayan who opened the floor for trading at the London Stock Exchange (LSE). In a proud moment for the state, masala bonds of the Kerala Infrastructure Investment Fund Board (KIIFB) have been listed on LSE. Pinarayi has become the first Chief Minister from the country to be invited for opening trade at the LSE. The ceremony was also attended by Finance Minister Thomas Isaac and KIIFB CEO K M Abraham. The government proposes to collect Rs 3,500 crore from the international market for rebuilding Kerala.
The KIIFB floated masala bonds for Rs 2,150 crore to attract investments for Kerala’s infrastructure development. The KIIFB bonds will be listed on the Singapore Stock Exchange also.