Municipal Bond
Recently, Vadodara became the second Indian city to issue a municipal bond with assistance from the U.S. Treasury Department's Office of Technical Assistance, following Pune's bond issuance in 2017.
The Rs. 100 crore fund raised by the bond will be used for infrastructure development in Vadodara.
About Municipal Bonds
- Municipal bonds are also referred to as ‘muni bonds’.
- The urban local government and agencies issue these bonds. Municipal bonds are issued when a government body wants to raise funds for projects such as infra-related, roads, airports, railway stations, schools, and so on.
- Municipal bonds having a credit rating of BBB and higher ....
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