Lucknow Municipal Corp’s Rs 200-crore maiden municipal bond oversubscribed by 225%

Lucknow Municipal Corp’s Rs 200-crore maiden municipal bond oversubscribed by 225%

The total issue (including green shoe option) was over-subscribed by 225% (Rs 450 crore) and closed at a coupon rate of 8.5% for a ten-year bond.
Check the source here –Source, Financial Express.

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