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IN PHOTOS: Pimpri-Chinchwad Municipal Corporation’s 'Green Bonds' launched at BSE

Updated On: 10 June, 2025 11:21 PM IST | Asif Ali Sayed

The Pimpri-Chinchwad Municipal Corporation (PCMC) on Tuesday issued green bonds, becoming India’s first municipal body to raise funds through the capital market, stated Chief Minister Devendra Fadnavis. Pics/X

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The listing ceremony of PCMC’s green bonds was held at the BSE International Convention Hall, Bombay Stock Exchange (BSE). Pics/X

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The listing ceremony of PCMC’s green bonds was held at the BSE International Convention Hall, Bombay Stock Exchange (BSE). Pics/X
CM Fadnavis said that PCMC’s green bonds received an overwhelming response from investors

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CM Fadnavis said that PCMC’s green bonds received an overwhelming response from investors

Within minutes of the issue, Rs 100 crore was raised, and investor interest grew fivefold thereafter, reflecting strong market confidence

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Within minutes of the issue, Rs 100 crore was raised, and investor interest grew fivefold thereafter, reflecting strong market confidence

The bonds, with a 5-year tenure, carry a competitive interest rate of 7.85 per cent

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The bonds, with a 5-year tenure, carry a competitive interest rate of 7.85 per cent

Listing bonds on the stock exchange is a complex process involving strict corporate norms

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Listing bonds on the stock exchange is a complex process involving strict corporate norms

The central government has awarded an incentive grant of Rs 20 crore for issuing green bonds

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The central government has awarded an incentive grant of Rs 20 crore for issuing green bonds

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