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SEBI conducted a Municipal Bond Outreach Programme in Bhopal to guide Urban Local Bodies on using municipal bonds for financing urban infrastructure. The sessions covered investor expectations, regulatory requirements, and procedures for issuing bonds. SEBI also highlighted its e-learning course on municipal bonds developed with the World Bank. Madhya Pradesh officials stressed the need for strong financial management, revenue-focused projects, and staff training. Following a similar programme in Thiruvananthapuram, SEBI continues to support ULBs in adopting municipal bonds as a reliable funding tool for urban development.
SEBI recently conducted a Municipal Bond Outreach Programme in Bhopal, aiming to promote urban infrastructure financing through municipal bonds and strengthen the capacity of Urban Local Bodies (ULBs). The initiative was designed to prepare ULBs to raise funds efficiently and participate effectively in the securities market. Advertisement
During the programme, SEBI Whole Time Member Amarjeet Singh highlighted that municipal bonds are a key instrument to finance scalable urban infrastructure projects. He noted that such bonds can help cities generate long-term funding for essential projects while meeting investor expectations. Singh also mentioned SEBI's recent steps to support this market, including the launch of an e-learning course on municipal bonds by NISM, developed in collaboration with the World Bank, to educate ULBs and other stakeholders.
The sessions at the Bhopal event focused on helping ULBs understand the full spectrum of municipal bond issuance, including regulatory requirements, investor expectations, and procedural guidance. These were aimed at ensuring that municipal bodies are fully prepared to issue bonds and attract investment for infrastructure projects.
Sanjay Dubey, Additional Chief Secretary of Madhya Pradesh, Urban Administration and Housing, Science and Technology Department, emphasized that ULBs need to maintain sound financial health, identify viable projects to enhance revenue, and train their staff to raise funds effectively through municipal bonds. He also called for stronger coordination between regulators, municipal corporations, and key stakeholders to promote wider adoption of municipal bonds.
The Bhopal programme follows a similar two-day outreach initiative conducted in Thiruvananthapuram in July, reflecting SEBI's ongoing efforts to build capacity across urban local bodies in India. The regulator continues to support ULBs through training, awareness programmes, and resources to enable cities to access sustainable financing for development projects.
Source PTI
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