Surat Municipal Corporation
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8.60%
Yield
Tenure
3Y 0M 26D
Maturity Date
13 Oct 2029
Coupon Frequency
Semi-Annual
Face Value
₹500
Nature
Secured
Coupon Rate
8.00%
About the Issuer
Surat Municipal Corporation (SMC) ranks among the largest municipal corporations in Gujarat, operating under the Bombay Provincial Municipal Corporation Act, 1949, as amended by the Government of Gujarat. It delivers essential civic services — including water supply, sewerage disposal, solid waste management, primary education, public safety, transportation, and slum improvement — across an area of approximately 462 square kilometres. Functioning as a public institution under the supervision of the Government of Gujarat, SMC is governed by elected representatives, supported by administrative officials, and guided by state policy. Its income comes from property taxes, service charges, other non-tax sources, and state government grants. The corporation undertakes several development initiatives, including AMRUT and Smart City projects aimed at improving urban living standards, with the associated capital expenditure funded through a mix of government grants and the corporation's own revenue.
Coupon ladder
Payment schedule of interest and principal
₹20
₹20
₹20
₹20
₹20
₹20
₹20
₹520
Bond Trading History
Trading history isn’t available for this instrument yet.
Data as of 17-Sep-2026
