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Pune Municipality first to raise funds through bond offer

19 June, 2017 5:00 PM
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Pune Municipality first to raise funds through bond offer

Ashishkumar Chauhan, CEO & MD, BSE told TOI that the Pune Municipal bond offering is a pilot case which, on one hand, will help municipalities to understand the servicing aspect related to such papers.

On the other hand, investors will understand the risks associated with muni bonds. "We invite all the municipalities to raise the funds and follow PMC's successful bond issuance," Chauhan said. "Indian bond markets are poised for a substantial growth and India can use its domestic savings to fund its infrastructure needs in a substantial manner."

Source: timesofindia.indiatimes.com

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