Ahmedabad Issues Municipal Bonds for the Fifth Time.
Ahmedabad Municipal Corporation (AMC), with a credit rating of AA+, successfully listed bonds, aggregating Rs.200 crore, on the National Stock Exchange. This marks the fifth such bond issue by the city. The issue proceeds would be utilised towards the Central government scheme, AMRUT. Last year, Indore, Bhopal and Hyderabad had also approached capital markets to raise funds for infrastructure projects. To read more, please click here.