Lucknow, April 9 -- |
The Ghaziabad Municipal Corporation, which raised Rs 150 crore (Base Issue: Rs 100 crore with the green shoe option of Rs 50 crore) via Municipal Bonds on private placement basis using the BSE bond platform, listed on the exchange on Thursday.
This is the second nagar nigam after Lucknow to get its bonds listed at Bombay Stock Exchange (BSE).
The coupon rate of the taxable bond was fixed at 8.1 per cent per annum and was rated AA by India Ratings and AA(CE) by Brickworks and has a maturity of 10 years with a staggered redemption.
Additionally, the municipal corporation has received a Rs 19.5 crore incentive from the Government of India for raising Municipal Bonds
The municipal corporation has entered into an under...