Arthanomics Vittarth

Municipal Corporation Bond


Recently, Rs. 200-crore worth Lucknow Municipal Corporation (LMC) bonds have been listed on the Bombay Stock Exchange (BSE).
The bonds have a 10-year tenure and offer an 8.5 percent interest per annum.

Lucknow becomes the ninth city to raise municipal bonds, incentivized by the Ministry of Housing and Urban Affairs (Mohua) under Mission Amrut.

What is so special about these Municipal bonds? Who should invest in municipal bonds? We tried to analyze it all in this week’s edition of Arthanomics.

Let us know what do you think about the post in the comments.

Credits- Rishabh Ratnawat and Pallavi Jain

0 comments on “Municipal Corporation Bond

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: