NSE launches India's first municipal bond website

The National Stock Exchange of India (NSE) has launched a new website dedicated to municipal bonds. This website features India's first Municipal Bond index, called the Nifty India Municipal Bond Index. The website, accessible at www.IndiaMunicipalBonds.com, aims to provide vital information about the municipal bonds market in India. It will include data such as bond issuances, credit ratings, trading volumes, and prices. This move is expected to enhance transparency and make information more accessible to investors. Users can explore bonds by filtering them based on credit rating, maturity, and yield to compare different options. The site also allows users to track the historical performance of the Nifty India Municipal Bond Index and compare it with other bond indices. Additionally, the website includes sections for market activity, where users can see trading values, and a resource section featuring reports, articles, and guidelines related to municipal bonds. Shri Ashwani Bhatia from SEBI praised the launch, stating it will increase the credibility of the municipal bonds market and encourage more investors to fund urban development projects.