Surat: The Surat Municipal Corporation (SMC) is set to issue ₹200 crore worth of green municipal bonds through a public issue. The issuance comprises a ₹100 crore base issue and an additional ₹100 crore green shoe option. These bonds will be listed, taxable, redeemable, secured, and non-convertible debentures, certified under the Climate Bonds Initiative.
The face value of each green bond is ₹1,000, with tenures of 4 years (STRPP A) and 5 years (STRPP B). The bonds carry an annual coupo...Read More