Kerala’s Diaspora Bond to be marketed in Gulf

Kerala’s Diaspora Bond to be marketed in Gulf

NEW DELHI — The Kerala government's Infrastructure Investment Fund Board, (KIIFB) has solicited participation by financial institutions outside India, including those in the Gulf, as lead managers for a Diaspora Bond aimed at building resilience against natural disasters in the state such as a devastating flood, which occurred two years go.The invitation for such participation by tender envisages selection of two lead managers, one Indian and one international to act as a consortium. The state government has approached the World Bank to work with KIIFB to facilitate in issuing the bonds.The Diaspora Bonds, designated