The government is considering increasing interest subvention beyond the current Rs 26 crore per urban local body to boost municipal bond is...

Gandhinagar Municipal Corporation (GMC) on Wednesday announced the listing of its maiden municipal bonds worth Rs 25 crore on the National ...

Nashik, Visakhapatnam, Kanpur, Surat, Varanasi, and Prayagraj are likely to issue municipal bonds by July with a fundraise of Rs 100-300 cr...

The 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...

The market regulator will hold a meeting with investment bankers, rating companies, legal professionals, exchange officials and borrowers o...

Pimpri Chinchwad, Surat and Prayagraj are the other municipalities seeking to sell bonds. Pimpri Chinchwad Municipal Corporation, which is ...

Mishra also said that this demonstrates the confidence of the market in Municipal Bond segment and is a resounding validation of good gover...

Issuances of municipal bonds have been incentivised by the government to bring transparency and create a discipline in the financial perfor...

With a maturity of five years, the bonds offer an interest rate of 8.7%.

The amount is nearly 4 times what was raised - Rs 1,550 crore - in the past 20 years.

They need the money to spend on civic infrastructure in their cities.

M Venkaiah Naidu, Union Minister of Housing and Urban Poverty Alleviation, said another 17 cities had already appointed transaction advisor...

The 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 seeks PMO support on tax-free status for bonds as finmin says it would lead to revenue loss of Rs 180 crore per ...

Municipal bonds were first issued by Bangalore Municipal Corporation in 1997 and till 2013 a total of 25 municipal bonds worth Rs 1,485 cro...

Capital market regulator SEBI on Monday asked for enabling provisions to expand the municipal bond market in the country.

Municipal bonds are issued by urban local bodies to finance infrastructure such as water supply and sanitation.