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Ghaziabad issues India’s first municipal green bonds

Sumit Arora Last updated on April 13th, 2021 04:08 pm Leave a comment

Ghaziabad Nagar Nigam (GNN) has announced successfully raising and listing India’s first Green Municipal bond issue. GNN raised ₹150 crores at a cost of 8.1 per cent. Money will be used to clean up dirty water by setting up a tertiary water treatment plant and supply piped water through water meters to places like Sahibabad. Ghaziabad is debt-free and has maintained a revenue surplus position in the last few years, according to India Ratings.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.