Lucknow Municipal Bonds

  • On 2nd December, 2020, the municipal bonds issued by the Lucknow Municipal Corporation got listed on the Bombay Stock Exchange (BSE).
  • With this, Lucknow became the 9th city in the country and first city from Uttar Pradesh to have raised municipal bonds, which have been incentivized by the Ministry of Housing and Urban Affairs, under the mission AMRUT (Atal Mission for Rejuvenation and Urban Transformation).
  • This bond got rated ‘AA’ by India Ratings and ‘AA (CE)’ by Brickwork Ratings.
  • The tenure of bond is 10 years and it is structured as a ‘strip’ bond with 7 STRRPs (A to G) and principal repayment ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy February 2021 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Economy Watch