Centre, US mission celebrate Vadodara’s municipal bond issuance1 min read . Updated: 03 Nov 2022, 03:41 PM IST
The bond, which will provide funds for infrastructure projects in Vadodara, was oversubscribed by 10 times and was priced at a low yield of just 7.15%.
New Delhi: Vadodara became the second Indian city to issue a municipal bond with assistance from the US Treasury Department’s Office of Technical Assistance.The US Embassy and US Treasury officials joined counterparts on Thursday from India’s Ministry of Housing and Urban Development, the city of Vadodara, and the Securities and Exchange Board to celebrate the successful issuance of Vadodara’s first-ever municipal bond.
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