Brihanmumbai Municipal Corp Extends 95 Billion Rupee Bond Banker Bid Deadline to June 19
Updated
Updated · Bloomberg · Jun 16
Brihanmumbai Municipal Corp Extends 95 Billion Rupee Bond Banker Bid Deadline to June 19
1 articles · Updated · Bloomberg · Jun 16
Summary
June 19 is the new deadline for market players to submit bids to become merchant bankers for Brihanmumbai Municipal Corp.'s 95 billion rupee municipal bond sale.
June 22 at 11 a.m. India time is when those bids will now be opened, replacing the earlier schedule that had planned an opening on June 16.
The offering—worth about $1 billion—is expected to be raised in one or more tranches, making it a key step in arranging one of India's largest municipal bond deals.
Brihanmumbai Municipal Corp., described as India's richest civic authority, published the revised timetable in a corrigendum on the Maharashtra government website.