More Stories

Informist, Wednesday, Apr. 2, 2025

 

--Source: Hyderabad authority may raise up to INR 50 bln via bonds by Sept

--CONTEXT: Hyderabad Metropolitan Development Authority plans to issue bonds 

--Source: Hyderabad authority plans up to INR 200 bln via bonds over 2 years 
 

By Narayana Krishna

 

HYDERABAD - The Hyderabad Metropolitan Development Authority, a Telangana government entity looking after infrastructure development around the state capital, plans to raise up to INR 200 billion through government bonds in multiple traches as part of its fundraising programme, a state government official told Informist. In the first tranche, the authority plans to raise up to INR 50 billion within 5-6 months, by September, the official said on condition of anonymity. 

"We are targeting to raise a total of INR 200 billion in next two years via government bonds, in tranches to fund our projects," the official said. The authority has appointed Trust Investment Advisory Pvt. Ltd. as a consultant for the planned issuance, which emerged as the preferred bidder in a tender from January, the official said.

The official said as the Hyderabad Metropolitan Development Authority is not a municipal authority and only a development authority, the bonds will be similar to state government-backed bonds and not municipal bonds. Further details about the tenure of the bonds were not available.  End

 

Edited by Tanima Banerjee

 

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.