Municipal Bonds
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 crores fund raised by the bond will be used for infrastructure development in Vadodara.
About Muni 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 as ....
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