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India’s first Municipal Bond Index
March 2 , 2023
634 days
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- NSE Indices Limited launched India’s first-ever Municipal Bond Index.
- The Nifty India Municipal Bond Index tracks the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment-grade credit rating.
- The index includes municipal bonds issued as per the Securities Exchange Board of India Issue and Listing of Municipal Debt Securities Regulations, 2015.
- Presently, the index has 28 municipal bonds issued by 10 issuers all having credit rating in the AA rating category.
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