Patna to raise Rs 200 crore via municipal bonds
The Patna Municipal Corporation is set to launch ₹200 crore worth of municipal bonds, with bids opening on October 30. This move marks Bihar's inaugural bond issuance, sparking renewed enthusiasm for municipal bonds. Meanwhile, Kanpur Nagar Nigam is also gearing up to issue ₹125 crore soon. Early interest from investors like HUDCO and NaBFID indicates a...
Key Takeaways
- The Patna Municipal Corporation is set to launch ₹200 crore worth of municipal bonds, with bids opening on October 30.
- This move marks Bihar's inaugural bond issuance, sparking renewed enthusiasm for municipal bonds.
- Meanwhile, Kanpur Nagar Nigam is also gearing up to issue ₹125 crore soon.
The Patna Municipal Corporation is set to launch ₹200 crore worth of municipal bonds, with bids opening on October 30. This move marks Bihar's inaugural bond issuance, sparking renewed enthusiasm for municipal bonds. Meanwhile, Kanpur Nagar Nigam is also gearing up to issue ₹125 crore soon. Early interest from investors like HUDCO and NaBFID indicates a growing momentum in the bond market, supported by governmental efforts to boost urban financing.
Original Publisher Attribution
This summary was curated from Economic Times.