Bihar gears up to enter the municipal bond market

Mumbai: Bihar is set to enter the municipal bond market, with its first civic body bond issue expected in the next 40-50 days. The Patna Municipal Corporation is expected to raise ₹200 crore for a tenure of 10 years, according to people aware of the matter.

This will also mark the first municipal bond offering in the country in 2026-27.

Separately, the Brihanmumbai Municipal Corporation (BMC) is in advanced stages of finalising merchant bankers, the people said. The BMC is expected to raise ₹1,000 crore in this financial year, as reported by ET in April.


Besides BMC, the Ahmedabad municipal corporation is in talks to raise ₹1,000 crore.