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Greater Hyderabad Municipal Corporation has raised ₹200 crore by issuing bonds on a private placement basis using the BSE BOND platform.
On June 19, 2017, Pune Municipal Corporation had become the first corporation to successfully raise ₹200 crore on that platform, which was launched in July 2016.
Ashishkumar Chauhan, MD & CEO, BSE, said in a statement: “Greater Hyderabad Municipal Corporation is able to raise ₹200 crore successfully using the BSE BOND platform, a market leading platform for bond raising in India. BSE firmly believes that the Indian bond market is poised for substantial growth and India can use its domestic savings to fund its infrastructure needs in a substantial manner.”
B Janardhan Reddy, Municipal Commissioner, GHMC, said: “GHMC is a forerunner in reforms by providing better civic amenities. We are extremely happy for the platform provided by BSE which enabled us to raise ₹200 crore at competitive rates for our strategic road development programme.”
In the current fiscal, up to February 14, 76 issuers have made 386 issues of bonds and have successfully raised ₹1,51,313 crore using BSE debt platforms.
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