Mumbai, Oct. 6 -- Surat Municipal Corporation has announced the public issue of 20 lakh Rated, Listed, Taxable, Secured Redeemable Non-Convertible Green Municipal Bonds in the nature of debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 200 crore.

The base size issue is Rs 100 crore, with an option to retain over-subscription up to an additional Rs 200 crore (Green Shoe Option) aggregating up to Rs 100 crore.

The issue is scheduled to open on 06 October 2025 and close on 09 October 2025.

The face value of the bond is Rs 1000, which comprises of 2 separately transferable and redeemable principal parts (STRPPs) namely 1 STRPP A of face value of Rs 500 and 1 STRPP B of face value of Rs 500.

An effectiv...