Patna Municipal Corporation bond lists on NSE at 9.20%
In short
Patna Municipal Corporation’s first municipal bond in Bihar is now listed on the NSE. It offers 9.20% annual interest, paid every quarter.
The listing gives investors a new way to buy a local government bond. People will look at the return, risk and maturity before investing.
What the reporting says
Patna Municipal Corporation’s first municipal bond in Bihar is now listed on the NSE and offers 9.20% annual interest, payable quarterly. The listing gives market access to a local government borrowing instrument.
Why it matters
Patna Municipal Corporation’s first municipal bond in Bihar is now listed on the NSE, with 9.20% annual interest payable quarterly. The listing expands access to a municipal borrowing instrument for market participants.