Long road ahead for Indian muni bond plan

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By Christina Khouri
18 Dec 2014

An attempt by Indian regulators to develop a framework for municipal bond issuance has been welcomed as a step in the right direction to meet the country’s infrastructure needs. However, analysts warn that the any framework would do little to boost municipal bond use in the short term.

The Securities and Exchange Board of India (Sebi) has set up a subcommittee under the Corporate Bonds Securities and Advisory Committee to look into developing a municipal bond market, according to reports in the Indian media.

Not many details have been disclosed but bonds ...

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