SEBI Hosts Outreach in Raipur to Promote Municipal Bonds and REIT/InvIT Funding

PR No.68/2025, Dated: 06.11.2025

1. Objective of the Programme

The Securities and Exchange Board of India (SEBI) organised a Municipal Bond and REIT/InvIT Outreach Programme in Raipur, Chhattisgarh, aimed at increasing awareness among:

• Urban Local Bodies (ULBs),
• State government departments, and
• Other public sector stakeholders

about the use of capital markets to raise funds for developing urban infrastructure.

2. Context – Recent Municipal Bond Issuance

The event comes shortly after the Raipur Municipal Corporation successfully raised Rs. 100 crore through a municipal bond issue. The programme built on this momentum by showcasing the potential for other ULBs to tap the bond market as a viable financing route.

3. Key Focus Areas

The sessions covered:

• Accessing the municipal bond market for infrastructure financing,
• Regulatory and disclosure requirements for issuers,
• Use of REITs and InvITs as instruments for monetising public infrastructure assets, and
• Case studies of successful projects financed through capital markets.

4. Outcome and Significance

The programme:

• Encouraged ULBs to explore long-term, market-based funding options,
• Highlighted opportunities for asset monetisation through REITs/InvITs, and
• Supported SEBI’s broader initiative to strengthen the municipal bond ecosystem in India.

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