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AHMEDABAD MUNICIPALITY BONDS
BJP wins all 15 municipal corporations in GujaratThe Bharatiya Janata Party achieved a significant victory in Gujarat's local elections. The party secured all 15 municipal corporations and...
Civic bodies turn to bond market after budget incentiveIn a strategic move towards urban development, Indian cities are set to tap into the debt market for funding. Key players like the Bombay M...
AMC seeks to go first with Rs 1,000-cr bond issueAn AMC plans to be the first mover with a ₹1,000 crore bond issue, seeking to leverage strong liquidity conditions and early investor inter...
Govt may raise interest subvention cap beyond Rs 26 crore to promote issuance of municipal bondsThe government is considering increasing interest subvention beyond the current Rs 26 crore per urban local body to boost municipal bond is...
Gandhinagar Municipal Corporation's Rs 25 crore bonds list on NSEGandhinagar Municipal Corporation (GMC) on Wednesday announced the listing of its maiden municipal bonds worth Rs 25 crore on the National ...
Six civic bodies likely to debut on Bond Street by next monthNashik, Visakhapatnam, Kanpur, Surat, Varanasi, and Prayagraj are likely to issue municipal bonds by July with a fundraise of Rs 100-300 cr...
Ahmedabad Municipal Corp raises Rs 200 crore through maiden green bond saleThe bond sale had a base size of Rs 100 crore and a greenshoe option of Rs 100 crore, and a tenure of 5 years, debt capital market executiv...
Sebi working to develop municipal bond marketThe market regulator will hold a meeting with investment bankers, rating companies, legal professionals, exchange officials and borrowers o...
Ahmedabad, Chennai among 5 civic bodies seeking to raise Rs 1,000 crore via bondsPimpri Chinchwad, Surat and Prayagraj are the other municipalities seeking to sell bonds. Pimpri Chinchwad Municipal Corporation, which is ...
Ghaziabad becomes tenth city in India to raise municipal bonds: SecretaryMishra also said that this demonstrates the confidence of the market in Municipal Bond segment and is a resounding validation of good gover...
Amdavad Municipal Body raises Rs 200 croreIssuances of municipal bonds have been incentivised by the government to bring transparency and create a discipline in the financial perfor...
Ahmedabad Municipal Corporation raises Rs 200 crore via bondsWith a maturity of five years, the bonds offer an interest rate of 8.7%.
Municipal bodies to raise Rs 6,000 crore via bonds over 3 years: CrisilThe amount is nearly 4 times what was raised - Rs 1,550 crore - in the past 20 years.
Municipal bodies line up to tap the debt marketThey need the money to spend on civic infrastructure in their cities.
Pune Municipal Corporation all set to list on BSEM Venkaiah Naidu, Union Minister of Housing and Urban Poverty Alleviation, said another 17 cities had already appointed transaction advisor...
Interest subsidy of Rs 400 crore clears way for municipal bondsThe urban development ministry expects 12 other municipalities to follow with bonds worth Rs 3,000 crore being floated in the current finan...
Urban development ministry moves PMO to make Municipal bonds tax-freeUrban development ministry seeks PMO support on tax-free status for bonds as finmin says it would lead to revenue loss of Rs 180 crore per ...
A dozen civic bodies to raise Rs 6k cr through bonds in 2017Municipal bonds were first issued by Bangalore Municipal Corporation in 1997 and till 2013 a total of 25 municipal bonds worth Rs 1,485 cro...
- SEBI chief bats for municipal bonds
Capital market regulator SEBI on Monday asked for enabling provisions to expand the municipal bond market in the country.
- Enabling provisions needed to develop municipal bond mkt: SEBI
Municipal bonds are issued by urban local bodies to finance infrastructure such as water supply and sanitation.