NEW Markets-Economic Times
Thu 29 Oct 2026 08:21:08 AM
Patna to raise Rs 200 crore via municipal bonds
SUMMARY
The Patna Municipal Corporation is issuing ₹200 crore in 10-year municipal bonds to fund local urban infrastructure, marking Bihar's inaugural municipal bond issue. Securing an 'AA' credit rating from India Ratings & Research for its improved financial discipline and revenue collection, the bonds will list on the National Stock Exchange. Capital raised will redevelop the New Market area and construct organized street vendor zones.
Relevant For:
Prelims + Mains
GS - III
Indian Economy
Focus Area
Municipal bonds
urban local bodies
SEBI
AMRUT
urban infrastructure
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