iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

IMC Green Bonds subscribed 5.67 times on day 2 so far

13 Feb 2023 , 03:07 AM

The green binds issued by Indore Municipal Corporation was subscribed 5.67 times on day 2 by 2.30 PM on February 13. Click here to subscribe IMC Green Bonds. The offer will close on February 14.

The aggregate size of IMC’s green bond sale is Rs 244 crore comprising a base size of Rs 122 crore and an option to retain oversubscription up to Rs 122 crore.

The green bonds, which have been rated AA+ by India Ratings and AA by Care Ratings have received 7.52 times subscription under QIB category, 6.62 times under corporate category. However, the HNI category was bought 3.40 times and retails category was subscribed 5.13 times of the reserved quota.

The proceeds from Indore’s bond sale are proposed to be used for installation of a 60 MW solar power plant at Khargone district of Madhya Pradesh. 

Indore Municipal Corporation

Related Tags

  • Green bond
  • IMC Green Bonds
  • Indore Municipal Corporation
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.