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Pune is developing at Rapid pace and need money to pace-up,PRMDA will issue bonds worth 1000Cr.

Pune : The Pune metropolitan region development authority (PMRDA) will now issue bonds to raise money from the open market.

Kiran Gitte, PMRDA metropolitan commissioner, said, “PMRDA is planning to issue bonds soon and will be the second development authority in the country, after the Andhra Pradesh Amarwadi region, to do so. PMRDA is looking to raise Rs 1,000 crore through these bonds.”

Gitte said PMRDA has appointed credit rating agencies India Rating and SPA, to issue its credit rating.