SEBI permits municipalities to issue and refinance infrastructure bonds
The Securities and Exchange Board of India, or SEBI, just rolled out some big changes to how cities can raise money through bonds.
Now, municipalities can issue bonds not just for new projects, but also to refinance loans from ongoing or finished infrastructure work.
The goal? Make it easier for cities to get funding and bring more investors into the mix.
SEBI mandates disclosures and investor incentives
To keep things clear for everyone, SEBI now requires cities to share details about their loans and lenders when offering bonds.
Plus, there are fresh incentives: groups like retail individual investors, women, senior citizens, serving and retired defense personnel, and widows and widowers of defense personnel could get extra interest or discounts.
It's all about making municipal bonds more attractive, and a little more accessible, for everyone.