India's Richest Civic Body Plans Nearly $1 Billion Muni Bonds
India's wealthiest civic body is planning to issue nearly $1 billion in municipal bonds. This move indicates a significant financial undertaking by the civic body.
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India’s Richest Civic Body Plans Nearly $1 Billion Muni Bonds - Bloomberg.com
India’s Richest Civic Body Plans Nearly $1 Billion Muni Bonds Bloomberg.com
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Despite the pickup, India’s municipal paper still makes up for less than 1% of the total rupee bond sales. By comparison, the segment represents 7% of the overall bond market in the US, according to CareEdge Ratings’ January report.
By Divya Patil
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