Both local bodies have invited bids to appoint the merchant bankers-cum-transaction advisors for their municipal bonds issue planned in the next few months.
By launching India’s first ever municipal bond index, NSE Indices, a subsidiary of the National Stock Exchange, has set the country on the path to better financing for urban local governments
The new Nifty India Municipal Bond Index will track the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment grade credit rating.