BMC begins process to raise Rs 1,000 crore via bonds in FY27

Mumbai's civic body, the BMC, is set to raise ₹1,000 crore via bonds in FY27, with merchant bankers invited to manage the issuance. This marks the municipality's first foray into debt markets, aiming to fund its substantial budget. Experts anticipate a competitive interest rate due to the BMC's AAA rating.

from Economic Times https://ift.tt/e4nV6gH