​Municipal Bonds

  • Municipal bonds, also known as Munis, are fixed income instruments or debt securities which are issued by municipal corporations, government and semi-government institutions to raise funds. Generally, they carry fixed interest rate and redeemed at par.
  • While short term municipal bonds mature in 1-3 years, long term municipal bonds mature in a decade or more.
  • In July 2018, India’s cleanest cityIndore became the first state to list municipal bonds on the National Stock Exchange (NSE).
  • After the successful listing of Indore Municipal Corporation, the municipal bonds of the capital city of Madhya Pradesh, Bhopal, were listed on the debt platform of NSE in ....
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