Three things you should know about municipal bond listings
The interest rates offered by these bonds currently are on the higher side and above 8%. These are long-term bonds with a tenure of generally 10 years.
The Ghaziabad Municipal Corporation’s green bonds were listed on the BSE Bond platform on Thursday. The municipal corporation has raised ₹150 crore through private placement. The bond is offering an attractive rate of 8.1%. However, it is lower than the 8.5% rate offered by the municipal bonds of Lucknow.