India s first Rs 150 cr Ghaziabad green bond lists on BSE platform ANI | Updated: Apr 08, 2021 14:30 IST
New Delhi [India], April 8 (ANI): Ghaziabad Municipal Corporation which recently raised Rs 150 crore (base issue: Rs 100 crore with a green shoe option of Rs 50 crore) on private placement basis using the BSE bond platform was listed on Thursday.
It was opened for a subscription on March 31 last year. The coupon rate of the taxable bond was fixed at 8.1 per cent per annum and was rated AA by India Ratings and AA(CE) by Brickworks and has a maturity of 10 years with a staggerred redemption.
Additionally, the company received Rs 19.5 crore incentive from the Centre for raising municipal bonds. Ghaziabad Municipal Corporation has entered into an understanding with Sahibabad Industries Association for the purpose of achieving various goals and objectives relating to water supply.
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Ghaziabad: There is the risk of drowning, snake bites and infection from animal carcasses floating around. But every morning, they throw risk to the wind and take the plunge, literally.
They are the “macchuas”, or the fishing community of western Uttar Pradesh who clean your neighbourhood ponds that have been lying in neglect and under metres of filth for years. Be it snake bites, infection from the dense sludge or broken glasses, they know how to negotiate and come out of the muck. Some of these pond cleaners have been on the job for almost two decades, pulling out stubborn hyacinth or extracting tonnes of muck from the bed.
Ghaziabad: Expressing concern over the deplorable condition of a highrise complex in Vaishali, the Ghaziabad Development Authority (GDA) has recently asked the resident’s body of the apartment complex to immediately vacate the building till the time retrofitting of the entire structure is not done.
In a letter to the resident welfare body of Alaknanda towers dated March 6, GDA chief engineer VN Singh stated that Rs 3.5 crore was required to get the repairs done and as the authority owns some of the flats there, it is ready to pay a proportion. The letter further stated that in case of any untoward incident, the RWA will be held entirely responsible.