The regulator has constituted a municipal bonds development committee headed by its Executive Director Sujit Prasad and comprises representatives from municipal corporations
So far eight cities have raised funds through bonds and another six have submitted their proposals, he said.
A well-developed municipal bond market is a marker of an efficient, transparent and accountable civic services ecosystem, something that India's citizens truly deserve
UP cabinet approves first such proposals in the state, instruments likely to be out in a month, with listing on BSE or NSE
The AMC was the first in South-East Asia to raise money through municipal bonds in 1998
Grabs the highest AA+ rating after Pune from two agencies; Issue will be the city civic body's fifth in about a decade
A municipal bond is debt security issued by a municipality to finance capital expenditure
The agency expects a gradual increase in investor interest in municipal bonds over the medium-term
Under the Smart Cities Mission, municipal bodies would issue bonds to raise money
Move comes after Sebi's board last month approved criteria that is alternative to 'net worth' of municipalities