{"id":539065,"date":"2022-11-29T09:34:29","date_gmt":"2022-11-29T04:04:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=539065"},"modified":"2022-11-29T10:12:57","modified_gmt":"2022-11-29T04:42:57","slug":"indore-plans-nations-first-retail-municipal-bond-for-solar-power-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indore-plans-nations-first-retail-municipal-bond-for-solar-power-project\/","title":{"rendered":"Indore plans nation&#8217;s first retail municipal bond for solar power project"},"content":{"rendered":"<p>An Indian city with a strong environmental record is planning to issue the nation\u2019s first local government bond targeting individual investors, with proceeds used to fund a solar power project. <\/p>\n<p>Indore Municipal Corp. seeks to raise as much as 2.6 billion rupees ($31.8 million) via a 10-year bond sale next month, according to Divyank Singh, chief executive officer of Indore Smart City, who is working with various stakeholders to finalize the offering. <\/p>\n<p>The offering from Indore, which is in the central state of Madhya Pradesh, is also set to be the country\u2019s maiden municipal green bond designed for retail investors. <\/p>\n<p>The issuer has mandated A.K. Capital Services Ltd. and SBI Capital Markets Ltd. as lead managers of the offering, Singh said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Indian city with a strong environmental record is planning to issue the nation\u2019s first local government bond targeting individual investors, with proceeds used to fund a solar power project. Indore Municipal Corp. seeks to raise as much as 2.6 billion rupees ($31.8 million) via a 10-year bond sale next month, according to Divyank Singh, chief executive officer of Indore Smart City, who is working with various stakeholders to finalize the offering. The offering from Indore, which is in the central state of Madhya Pradesh, is also set to be the country\u2019s maiden municipal green bond designed for retail investors. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-539065","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=539065"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539065\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=539065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=539065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=539065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}