Ahmedabad issues municipal bonds to implement green projects

In January 2019, Ahmedabad raised approximately $26.2 million through municipal bonds to fund green projects, including waste management, water supply, and the cleaning of the Sabarmati River. The case study highlights that green municipal bonds are effective for climate-resilient infrastructure due to their long tenors (10-20 years) and suitability for large-scale projects. Success factors for such issuances include a city's strong financial risk profile, good credit ratings, operational performance, and governance. Additionally, the document notes the role of the Indian government's Atal Mission for Rejuvenation and Urban Transformation and the Securities and Exchange Board of India (SEBI) in incentivising market-based financing and easing issuance rules to allow foreign portfolio investment.

• Ahmedabad raised approximately $26.2 million in January 2019 via municipal bonds to fund 'green projects' such as water supply, waste management, and the cleaning of the Sabarmati River.

APA

Climate and Development Knowledge Network (2020). Ahmedabad issues municipal bonds to implement green projects. https://cdkn.org/resource/ahmedabad-issues-municipal-bonds-to-implement-green-projects

Chicago

Climate and Development Knowledge Network. Ahmedabad issues municipal bonds to implement green projects. 2020. https://cdkn.org/resource/ahmedabad-issues-municipal-bonds-to-implement-green-projects.

Wikipedia

{{cite report |author=Climate and Development Knowledge Network |title=Ahmedabad issues municipal bonds to implement green projects |date=25 May 2020 |url=https://cdkn.org/resource/ahmedabad-issues-municipal-bonds-to-implement-green-projects |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climateanddevelopmentknowledgenetwork2020ahmedabad, author = {{Climate and Development Knowledge Network}}, title = {{Ahmedabad issues municipal bonds to implement green projects}}, institution = {Climate and Development Knowledge Network}, year = {2020}, month = may, url = {https://cdkn.org/resource/ahmedabad-issues-municipal-bonds-to-implement-green-projects}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }