‘Issuer Kerala infastructure Investment Fund Board CKIFB") “Cunrancr Tha Governan of era cing teu France Department of Kerala “Country of Transaction india “Issuer Rating 8B (Stable) BB (Stabe) (SBP / Fitch) Kerala Infrastructure Expected issue Rating 8B/BB (S8P /Fih) Investment Fund Board Issue Type ———_‘Syihetic INR Notes (Masia Bon), Senior Secured TCPSRTSCRMM Forres Se85.Sx 1 On, Repistered, Drawdown under EMT “Currency INR, with payments of Principal and Interest in US Dollars S22) issue Size n Guranteed Senior Secured Frcmg ate So linch 010 Synthetic "Sotlement Date 29 March 2018, INR (Masala) Notes Tenor "Sars “Coupon 8.723% (Sem-annul, 20760) ee ewprce/Yeld — fooreTzie Joint Lead Manager «Maturity Dato 28 arch 2024 Finance Infrastructure Project related activities in accordance with ECB Directions and such other Directions specified by the RBI First Ranking Exclusive Charge over: = Debt Service Reserve Account (DSRA) containing interest payment amounts, ‘due in the next 6 months ~ Sinking Fund Account containing 25% of the outstanding principal amount 6 ‘months ahead of the maturity date of the Notes (Five equal instalments each ‘being 5% of the outstanding principal amount to be deposited every six months ‘starting from 2 years after the issuance of the Notes) ‘No security creation on DSRA and Sinking Fund Account in favour of other enders/ creditors/bond holders of the Issuer — Notes shall not rank inferior to the terms offered to any other lenders or creditors. or bond holders of the Issuer "Change of Control At 100%, if Goverment of Kerala will at any time cease to control Issuer ae ee = -RoleofSCB = Joint Lead Manager