Bihar gears up to enter the municipal bond market

Patna Municipal Corporation is set to become the first municipal bond issuer of 2026-27, planning to raise around ₹200 crore over 10 years as Bihar enters the municipal bond market. Separately, Brihanmumbai Municipal Corporation is in advanced stages of finalising merchant bankers to raise ₹1,000 crore this financial year, while Ahmedabad Municipal Corporation is also in talks to raise a similar amount.