Rajkot, India, raises $13.5M via oversubscribed bonds for water and sewage projects, boosting investor confidence.

The Rajkot Municipal Corporation (RMC) in India raised ₹100 crore through a highly oversubscribed municipal bond issue, reflecting strong investor confidence. Rated AA, the five-year bond at 7.90% interest will fund vital water supply and sewage infrastructure projects in new city areas. This successful issuance enhances RMC's transparency and accountability, aiming to match the standards of leading Indian cities.

November 13, 2024
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