Keralam’s Kochi Corporation to invite EoI for consultants to tap into ₹500-crore bond market
We have been in consultations with regulatory bodies such as SEBI as a prelude to the process. Initially, we are exploring the prospects of issuing municipal bonds worth ₹150 crore to finance development and infrastructure projects, along with green bonds worth another ₹150 crore to support environment-friendly and climate change mitigation initiatives…
- Why it matters
- The corporation will raise capital directly from markets rather than relying solely on government grants, enabling it to fund infrastructure and environmental projects independently.
- Most affected
- Kochi residents — May see faster infrastructure and climate adaptation projects if bond issuance succeeds.
- Likely next
- Whether Kochi Corporation receives Expression of Interest responses from consultants and proceeds with the ₹150 crore initial municipal bond issuance.