Ghaziabad Municipal Corporation Issues India's First Green Bonds

The Ghaziabad Municipal Corporation (GMC) has issued India’s first Green Municipal bond.
The green bond was listed on the BSE bond platform on April 08, 2021. It opened for a subscription on March 31, 2021.
GMC has raised Rs. 150 crore at a cost of 8.1 percent through the issuance of green bonds.
The money will be used to clean up dirty water by setting up a tertiary water treatment plant to benefit industries in Ghaziabad and supply piped water through water-meters to places like Sahibabad.

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