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Home / Mumbai / Mumbai News / Photos / IN PHOTOS: Pimpri-Chinchwad Municipal Corporation’s `Green Bonds` launched

IN PHOTOS: Pimpri-Chinchwad Municipal Corporation’s `Green Bonds` launched

Updated On: 10 June, 2025 11:21 PM IST | Asif Ali Sayed

The Pimpri-Chinchwad Municipal Corporation (PCMC) on Tuesday issued green bonds, becoming India’s first municipal body to raise funds through the capital market, stated Chief Minister Devendra Fadnavis. Pics/X

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The Pimpri-Chinchwad Municipal Corporation (PCMC) on Tuesday issued green bonds, becoming India’s first municipal body to raise funds through the capital market, stated Chief Minister Devendra Fadnavis. Pics/X

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The Pimpri-Chinchwad Municipal Corporation (PCMC) on Tuesday issued green bonds, becoming India’s first municipal body to raise funds through the capital market, stated Chief Minister Devendra Fadnavis. Pics/X
<p>CM Fadnavis said that PCMC&rsquo;s green bonds received an overwhelming response from investors</p>

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CM Fadnavis said that PCMC’s green bonds received an overwhelming response from investors

<p>Within minutes of the issue, Rs 100 crore was raised, and investor interest grew fivefold thereafter, reflecting strong market confidence</p>

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Within minutes of the issue, Rs 100 crore was raised, and investor interest grew fivefold thereafter, reflecting strong market confidence

<p>The bonds, with a 5-year tenure, carry a competitive interest rate of 7.85 per cent</p>

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The bonds, with a 5-year tenure, carry a competitive interest rate of 7.85 per cent

<p>Listing bonds on the stock exchange is a complex process involving strict corporate norms</p>

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Listing bonds on the stock exchange is a complex process involving strict corporate norms

<p>The central government has awarded an incentive grant of Rs 20 crore for issuing green bonds</p>

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The central government has awarded an incentive grant of Rs 20 crore for issuing green bonds

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