You are here: Home » Finance » News » Banks

RBI preparing list of top defaulters to clear NPA mess: Arun Jaitley

Business Standard

Bankers squabble over municipal bond mandates

Under the Smart Cities Mission, municipal bodies would issue bonds to raise money

Municipal Bonds

Anup Roy  |  Mumbai 

Pune Municipal Corporation is all set to become the first issuer of municipal bonds under the government’s Smart Cities Mission. But even before the first of its kind instrument hits the market, the product has already become a hotly contested one among advisors and merchant bankers.

According to sources, Pune would likely invite bids for Rs 200 crore worth of bond issuance by June 27, while a few others should start issuing such bonds in the next two-three months, upon getting clearances from various authorities. Four municipal bodies with high credit ratings are in ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, June 12 2017. 23:44 IST