Ministry of Housing and Urban Affairs

government

Last mentioned: Mar 9, 2026

Timeline

  1. NSE Listing

    Official listing ceremony held at the National Stock Exchange, marking the start of secondary market trading.

  2. Subscription Period

    The public issue opens for institutional and retail investors, seeing strong demand.

  3. Credit Rating

    Leading agencies assign investment-grade ratings to the proposed bond issuance based on NMC's revenue streams.

  4. Board Approval

    NMC General Body approves the proposal to raise funds via green municipal bonds.

Stories mentioning Ministry of Housing and Urban Affairs 1

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Nashik Debuts Green Municipal Bonds on NSE to Fund Sustainable Infrastructure

The Nashik Municipal Corporation (NMC) has officially listed its inaugural public green municipal bonds on the National Stock Exchange, marking a pivotal shift toward sustainable urban financing in India. The capital raised is earmarked for climate-resilient infrastructure, signaling growing institutional confidence in sub-sovereign ESG debt.

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