SEBI's Municipal Bond Programme Boosts Urban Financing Initiatives
SEBI's two-day programme in Thiruvananthapuram focused on educating Urban Local Bodies and stakeholders about municipal debt securities and innovative financing mechanisms. Key highlights included a publication on Asia's first Green Municipal Bond and SEBI's approval for Aadhaar-based e-KYC, enhancing transparency in urban infrastructure financing.
- Country:
- India
The Securities and Exchange Board of India (SEBI) recently held a groundbreaking two-day Municipal Bond Outreach Programme in Thiruvananthapuram, running from June 30 to July 1. The initiative aimed to equip Urban Local Bodies (ULBs) and stakeholders with critical insights into municipal debt securities, pool financing, and advanced market-based financing mechanisms.
Sessions during the programme covered crucial topics such as municipal bond issuances, regulatory compliance, credit rating, and ongoing disclosures. Participants also benefited from case studies and interactions with intermediaries, providing them with practical knowledge necessary to access capital markets effectively.
A central highlight of the event was the launch of "The Green Book - On Climate Finance & Green Municipal Bonds" by the Vadodara Municipal Corporation (VMC), marking a significant step in promoting sustainable urban infrastructure. SEBI also announced that intermediaries can now use the 'e-KYC Setu System' for Aadhaar-based e-KYC authentication, aiming to streamline operations in the securities market.
(With inputs from agencies.)
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