Summary:
AMC's bond issue of Rs100 crore, with the green shoe option to retain over-subscription of a further Rs100 crore, opened this morning and was fully subscribed in two minutes. "The bond issue received total bids of Rs1,085 crore, i.e. The Ahmedabad Municipal Corporation (AMC) successfully raised Rs200 crore from the bond on Friday, the civic body said. Recently, Pune, Indore and Bhopal have raised funds through municipal bonds, while Surat is expected to be the next one by March. A senior official of Surat Municipal Corporation said that they too plan to raise Rs200 crore through the bond market..