Mumbai (Maharashtra): Uttar Pradesh Chief Minister Yogi Adityanath attended the listing of Rs 200 crore Lucknow Municipal Corporation bond at the Bombay Stock Exchange (BSE) in Mumbai on Wednesday.
The Rs 200 crore LMC bond, which was launched on November 13, was 4.5 times oversubscribed and closed at 8.5 per cent coupon rate for 10 years, which is the second-lowest rate of all the municipal bonds launched till date, an official spokesman here said on Tuesday.
The funds raised through the bond will be invested in various infrastructure schemes in the state capital, including the water supply project and housing project being implemented under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) Scheme, he added.
Uttar Pradesh Cabinet Ministers Siddarth Nath Singh, Ashutosh Tandon, and Additional Chief Secretary (Information Department) Navneet Sehgal had visited BSE on Tuesday to oversee the preparations for the listing ceremony.
"In the times of the COVID, Lucknow Municipal Corporation is progressing towards achieving the "Aatmanirbhar Bharat" goal with the listing of its bonds worth Rs 200 crore at the BSE. The corporation is committed to improving the lives of its residents," the UP chief minister said, after ringing the bell at the BSE for listing the bonds.
According to the Chief Minister's Office (CMO), the Lucknow Municipal Corporation is the first civic body in north India to issue bonds, even as the process of issuing municipal bonds by civic bodies started in the country in 1997.
On Tuesday, Bollywood actor Akshay Kumar called on Yogi Adityanath at a city hotel to discuss the immense possibilities of film shoots in the northern state.
According to the release issued by the UP's Information and Public Relations Department, the Chief Minister spoke at length to the 'Kesari' actor about the innumerable possibilities for film shoots in Uttar Pradesh.
With inputs from agencies
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