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Indore Municipal Corporation has issued green municipal bonds with an aim to raise up to `244 crore to partly fund a solar power project in the city. This is the first time ever that a local body has issued green municipal bonds. The corporation is issuing the bonds to fund a 60 MW captive solar photovoltaic power plant at the village of Samraj & Ashukhedi in Madhya Pradesh’s Khargone district The issue has received an overwhelming response from investors and has already attracted a subscription of around `721 crore. On the ET Money Show, we brought on board Pushyamitra Bhargav, Mayor of Indore, and Arnav Pandya, Founder, Moneyeduschool to understand more about the issue. #etnow #theetmoneyshow #greenbonds Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com