India's first Rs 150 cr Ghaziabad green bond lists on BSE platform

India's first Rs 150 cr Ghaziabad green bond lists on BSE platform
ANI |
Updated: Apr 08, 2021 14:30 IST
New Delhi [India], April 8 (ANI): Ghaziabad Municipal Corporation which recently raised Rs 150 crore (base issue: Rs 100 crore with a green shoe option of Rs 50 crore) on private placement basis using the BSE bond platform was listed on Thursday.
It was opened for a subscription on March 31 last year. 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 staggerred redemption.
Additionally, the company received Rs 19.5 crore incentive from the Centre for raising municipal bonds. Ghaziabad Municipal Corporation has entered into an understanding with Sahibabad Industries Association for the purpose of achieving various goals and objectives relating to water supply.

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