Politics2h ago
Keralam’s Kochi Corporation to invite EoI for consultants to tap into ₹500-crore bond market
AI EXECUTIVE SUMMARY
The Kochi Corporation plans to issue Expressions of Interest for consultants to help raise funds through municipal and green bonds. The local body aims to initially issue ₹150 crore in municipal bonds for infrastructure and ₹150 crore in green bonds for climate initiatives, following discussions with regulatory authorities like SEBI.
WHY IT MATTERS
This initiative represents a significant step for a local governing body in India to directly access capital markets for funding urban development and environmental projects.
We have been in consultations with regulatory bodies such as SEBI as a prelude to the process. Initially, we are exploring the prospects of issuing municipal bonds worth ₹150 crore to finance development and infrastructure projects, along with green bonds worth another ₹150 crore to support environment-friendly and climate change mitigation initiatives, says Mayor
This story was originally reported by The Hindu — National. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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