The Security and Exchange Board of India (SEBI) has launched an information database on municipal bonds. This was stated by the regulator through an official statement. According to the statement, the markets regulator had organised an outreach programme on municipal bonds and municipal finance in Delhi on 20 and 21 January, 2023. The programme was attended by numerous stakeholders like the members of the Ministry of Housing and Urban Affairs (MOHUA), municipal associations, stock exchanges, credit rating agencies, merchant bankers and debenture trustees. SEBI Chairperson Madhabi Puri Buch launched the information database at the event and emphasised the significance of municipal bonds for the development of infrastructure and nation-building. The release further mentioned that the information database will include a wide range of information in the form of statistics and regulations, circulars, guidance notes and Frequently Asked Questions (FAQs) issued by the markets regulator related to municipal debt securities. Also, the database will consist of multiple checklists for pre-listing requirements, certificates from several intermediaries and sample letters to be obtained by an issuer who plans to invest in the market of municipal bonds. Read More