Description

SEBI organized a municipal bond outreach programme in Bhopal on August 29, 2025, to empower Urban Local Bodies with expertise on municipal bonds and capital market fundraising.

Summary

SEBI successfully conducted a Municipal Bond Outreach Programme in Bhopal, Madhya Pradesh on August 29, 2025, aimed at empowering Urban Local Bodies (ULBs) with knowledge about municipal bonds and capital market fundraising for infrastructure development. The event featured expert sessions on investor expectations, regulatory requirements, and issuance procedures.

Key Points

  • Programme held on August 29, 2025 in Bhopal, Madhya Pradesh
  • Focused on educating Urban Local Bodies about municipal bond financing
  • Opened by Shri Amarjeet Singh, Whole Time Member, SEBI
  • Chief Guest: Shri Sanjay Dubey, Additional Chief Secretary, Government of Madhya Pradesh
  • SEBI launched e-learning course on Municipal Bonds by NISM in collaboration with World Bank
  • Attended by senior officials from ULBs of Bhopal, Indore, Gwalior and Jabalpur
  • Emphasized need for ULBs to focus on financials and revenue-enhancing projects

Regulatory Changes

No specific regulatory changes announced. This was an educational and capacity-building initiative.

Compliance Requirements

No new compliance requirements specified. The programme provided guidance on existing regulatory requirements for municipal bond issuance.

Important Dates

  • August 29, 2025: Municipal Bond Outreach Programme conducted in Bhopal
  • September 3, 2025: Press release issued

Impact Assessment

This initiative supports SEBI’s broader objective of promoting municipal bonds as a financing instrument for urban infrastructure. The programme aims to build capacity among Urban Local Bodies to access capital markets, potentially increasing municipal bond issuances and improving urban infrastructure financing. The collaboration with World Bank and launch of e-learning course indicates systematic approach to market development.

Impact Justification

Educational outreach programme with medium-term impact on municipal bond market development