Bonds 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.