G20 push: Over 30 big cities on list to tap municipal bond market

Surat, Vizag may issue bonds soon as Centre renews urban infra focus

The Centre has identified more than 30 cities with good ratings in the municipal (muni) bond market. Surat and Visakhapatnam (Vizag) are likely to issue muni bonds soon, and Chennai could be the first of the megacities to do so this calendar year, Business Standard has learnt.
 

This comes at a time when there is a renewed push for deepening the muni bond market in the 2023 Union Budget, and India as

President of Group of Twenty (G20) is making urban infrastructure financing one of the key agenda items for the grouping.
 

Surat and Vizag’s issuances are for specific ring-fenced projects