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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.
Ghaziabad issues India’s first municipal green bonds
April 08, 2021
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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.
Questions of land and identity simmer with farmers’ protests
Updated:
Updated:
Khaps, which were considered outdated and regressive, now help in spreading the word
Share Article As Haryanvi singer Ajay Huda croons “
Zindabad kisani,
zindabad jawani”, his latest song on farmers’ protests, sons of farmers break into a jig at the Bhojpur panchayat called by the Rashtriya Lok Dal (RLD) against the contentious farm laws.
Among them are four upper caste software engineers working in private companies in Noida and Gurugram, after passing out from a private university in Ghaziabad. They say the protests against farm laws have brought them closer to their roots.