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Ghaziabad issues India’s first municipal green bonds April 08, 2021 × Funds to be used to recycle waste water for drinking water; Kanpur, Agra, Varanasi next cities to issue bonds Ghaziabad Nagar Nigam (GNN) on Thursday announced successfully raising and listing India’s first Green Municipal bond issue. GNN raised ₹150 crore at a cost of 8.1 per cent. Money will be used clean up dirty water by setting up a tertiary water treatment plant and supply piped water through water-meters to places like Sahibabad. “We received ₹401 crore subscription from some 40 investors participated for the Ghaziabad Green Municipal Bond which indicates the interest in the bond issue,” Mahender Singh Tawar, Municipal Commissioner, GNN, said in a conference. ....
December 14, 2020 Lucknow Municipal Corporation (LMC) has become first in North India to have its bond listed on the Bombay Stock Exchange (BSE) in the presence of Uttar Pradesh Chief Minister Yogi Adityanath early this month. The response was overwhelming with subscription of over 200 crores within no time. UP achieved second rank in Ease of Doing Business motivating the Industrial Houses to avail the benefit of investment friendly liberal policies and rapidly developed infrastructural facilities. “The listing of 200 crores Municipal Bond is a step ahead for UP on the path of ‘self-reliance’. “Uttar Pradesh will play a pivotal role in fulfilling the commitment of Prime Minister of Atmanirbhar Bharat”, CM Yogi Adityanath asserted in a ringing bell ceremony in the Heritage Hall BSE and described the listing of the bond as ‘the starting of a new era’ in the history of the state. ....