India s First 150 Crore Ghaziabad Green Bond lists on the BSE Bond Platform
Posted On: 2021-04-08 08:29:21 (Time Zone: Arizona, USA)
The Ghaziabad Municipal Corporation which raised 150 Crore (Base Issue: 100 Crore with the green shoe option of 50 Crore) via Municipal Bonds on private placement basis using the BSE bond platform, was listed on the exchange today. It was opened for a subscription on 31 March, 2021.
The coupon rate of the taxable bond was fixed at 8.1% per annum and is rated AA by India Ratings and AA(CE) by Brickworks and has a maturity of 10 years with a staggered redemption. Additionally, the company received Rs 19.5 Crore incentive from Government of India for raising Municipal Bonds.