Positive impactIPO
Bihar first municipal bond available on NSE online: Now you can invest in Patna Municipal Corporation bonds — here's how
Mint 11 hrs ago·12 Nov 2026, 8:39 am
Bihar has launched its first municipal bond, allowing residents to invest directly in the Patna Municipal Corporation through the National Stock Exchange (NSE). This bond is listed online, making it accessible to a wider range of retail investors. The corporation is issuing these bonds to raise funds for local infrastructure projects, such as improving drainage systems, roads, and public facilities in the city.
For investors, this bond offers a fixed annual interest rate of 9.20%, with payouts made every quarter. This makes it an attractive option for those seeking regular income. However, it is important to note that municipal bonds are not backed by the central government. Their value depends on the financial health of the issuing corporation, and there is a risk of default if the local body faces financial difficulties.
Investors should review the bond's maturity date and the corporation's credit rating before investing. Since the bond is listed on NSE, it can be bought and sold easily. Keep an eye on the corporation's financial reports and any news regarding local government projects to understand how the bond's value might change over time.
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