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Sebi proposes to change norms for municipal bonds issuance

Updated : May 21, 2019 06:41 AM IST

Besides, the minimum subscription amount for municipal bonds on a private placement basis be reduced to Rs 10 lakh from the current Rs 25 lakh in a bid to align it with corporate bonds.
Currently, the minimum subscription for corporate bond on private placement is Rs 10 lakh.
Sebi proposes to change norms for municipal bonds issuance

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