The workshop titled “Improving Access to Capital Market through Municipal Bonds” organised under the PEARL Programme included themes like credit issues with municipalities in the light of the flagship programme “Jawaharlal Nehru National Urban Renewal Mission” (JnNURM) experience, challenges with investment grade urban local bodies (ULBs) in issuing bonds, case studies on credit enhanced structures done by municipalities till date in India and so on. Experiences of Ahmedabad, Nagpur and Hyderabad on accessing bond market, challenges faced by Indore ULB in accessing the capital market despite having good rating, constraints in issuing municipal bonds according to the regulators and investors and approach to overcome these challenges were shared.
Improving Access to Capital Market through Municipal Bonds
Thursday, September 19, 2013
India International Centre, New Delhi