Nashik Municipal Corporation Bonds
No Nashik Municipal Corporation bonds are currently listed across the Indian bond platforms RightBonds tracks as of Sept 2026. An issuer's paper leaves the listings once it is fully subscribed or redeemed, and this page is rebuilt daily from live data, so check back. Browse other issuers below to see what is available today.
About Nashik Municipal Corporation
Nashik Municipal Corporation (NMC) is the urban local body for the city of Nashik in Maharashtra, governed by the Maharashtra Municipal Corporation Act. It has jurisdiction over 259.13 square kilometres and serves a population of around 14.87 lakh as per the 2011 census, providing civic services that include water supply, sewerage disposal and solid waste management. Its finances are healthy for a municipal body: revenue receipts were Rs 2,262 crore in FY25, up from Rs 1,985 crore in FY24, with a revenue surplus of Rs 629 crore, or 27% of revenue receipts. In September 2025 CRISIL assigned a Provisional CRISIL AA+ rating with Stable outlook to a proposed Rs 200 crore municipal bond. The bond structure relies on a trustee-administered escrow into which NMC's own revenues are transferred daily, a debt service reserve account equal to annual interest obligations, and an upfront fixed deposit of 10% of the bond size earmarked for principal repayment.
Rated by CRISIL. Source: rating rationale.