Debt

Debt Financing

LIC invests Rs.225-Cr in real estate lender KKR India Asset Finance

Economic Times  

The Life Insurance Corporation (LIC) of India has invested INR 225 crore in 10-year bonds of KKR India Asset Finance (KIAFL). The bonds, which carry an AA rating, offer a coupon of 8.01% payable quarterly. KIAFL is part of the KKR Group and specialises in providing secured lending to real estate projects in India. The company focuses on under-development and near-complete real estate projects in the residential space. It also evaluates early stage development projects where key consideration includes partner quality and project location. It focuses mainly on mid-market projects.