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Sebi seeks support to popularise municipal bonds
The Morning Standard
|August 10, 2024
ENS ECONOMIC BUREAU @ Mumbai THE Securities and Exchange Board of India (Sebi) has urged pension funds and insurers to support municipal bond issuances to help develop this nascent market.
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"I urge pension funds and insurance companies and others to look at increasingly supporting municipal bond issuances," an executive director with the markets watchdog Pramod Rao said at an Assocham-organised corporate bond market summit here on Friday. Municipal bonds are debt instruments like an NCD or any other debt instrument, issued by municipal corporations with the permission of the respective state governments. While municipalities have collectively raised ₹1,940 crore from 12 issues, the total outstanding was only ₹2,184 crore. As
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