Ghaziabad Nagar Nigam garners Rs 150 crore via BSE BOND platform

By: |
March 31, 2021 7:19 PM

Ghaziabad Nagar Nigam on Wednesday raised Rs 150 crore by issuing municipal bond on private placement basis using the BSE BOND platform.

moneyRepresentational image.

Ghaziabad Nagar Nigam on Wednesday raised Rs 150 crore by issuing municipal bond on private placement basis using the BSE BOND platform. This is the first ever green bond issuance by a municipal corporation, BSE said in a statement. Ghaziabad Nagar Nigam received 40 bids on the platform for Rs 401 crore. Of these, institutional investors placed 12 bids for Rs 165 crore and non-institutional investors placed 18 bids of Rs 265 crore, as per the statement.

Out of the total 12 municipal bond issuances totalling to Rs 3,839.9 crore, Rs 3,325 crore have been raised on BSE BOND platform.
In the current financial year till March 30, “BSE BOND platform has enabled corporate India to raise Rs 3,68,403 crore (USD 50.16 billion) by issue of debt capital,” the exchange said.

The BSE BOND platform was launched in July 2016, to facilitate online bidding for debt securities on private placement basis.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Cotton Corporation stocks drop down to 9 lakh bales
2Analyst Corner – Nestle: Maintain ‘hold,’ cut earnings estimates by ~4%
3ICICI Bank rating – Buy: A mixed first quarter for the company