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Legasis Partners assists on $31m bond issue by first civic body

“The Pune Municipal Corporation (PMC) today raised Rs 200 crore by selling 10-year bonds, becoming the first civic body to tap money from this route in 14 years. Proceeds from the issue, raised at a coupon of 7.59 per cent and oversubscribed six times, will be used for a Rs 2,300-crore water project,” reported PTI.

Legasis Partners managing partner Suhas Tuljapurkar, partner Apurv Sardeshmukh, senior associate Sumanta Ghosh and associate Mugdha Joshi acted for PMC.

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