Ǔनबंधन संÉ या पी0टȣ0-40
असाधारण अंक
ǐबहार सरकार Ʈारा Ĥकािशत
15 आषाढ+ 1948 (श0)
(सं0 पटना 735) पटना, सोमवार, 6 जुलाई 2026
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laŒ 11@uŒfoŒ@fofo/k&03@2026&
—iVuk uxj fuxe }kjk fnukad 12
tuojh] 2026 dks vk;ksftr l'kDr LFkk;h lfefr dh 19oha cSBd dh dk;Zokgh ds Øe la[;k 08 ,oa izLrko
la[;k 472 ds ekè;e ls 200 djksM+ #i;s rd ds uxj fuxe ck¡.M tkjh djus ds çLrko dks loZlEefr ls
Loh—fr çnku dh x;hA
mDr vkyksd esa fcgkj uxjikfydk vfèkfu;e] 2007 ¼;Fkkla'kksfèkr½ dh èkkjk 107] 110] 120] 121] 122
,oa 123 ds çkoèkkuksa rFkk SEBI ¼b';w ,aM fyfLVax v‚Q E;wfufliy MsCV flD;ksfjVht½ fofu;ekoyh] 2015 ds
çkoèkkuksa ds vuq:i] jkT; ljdkj }kjk iVuk uxj fuxe dks ₹ 200 djksM+ ¼nks lkS djksM+ #i;s½ ek= rd dh
jkf'k ds E;wfufliy ck¡M tkjh dj uhf/k ladyu djus gsrq fuEufyf[kr 'krksaZ ds vèkhu Loh—fr çnku dh
tkrh gS %
1-
mä ck¡M ds fuxZe dk eq[; mís'; iVuk uxj fuxe vUrxZr laxfBr osafMax tksu ds fodkl
dks çksRlkfgr djuk rFkk iVuk jsyos LVs'ku ds fudV fLFkr U;w ekdsZV ds iqufoZdkl ds lkFk
gh iVuk 'kgj ds vU; egRoiw.kZ {ks=ksa dks Hkh lfEefyr fd;k tkuk gSA bldk mÌs'; fdlh
,d {ks= esa fdlh dkj.k ls dk;Z lEikfnr djus esa vojks/k mRiUu gksus dh fLFkfr esa vko';d
lalk/ku dks nwljs vko';d {ks=ksa esa Hkh yxk;k tk;sxk] rkfd lalk/kuksa dk viO;; ugha gks
rFkk uxj fuxe] iVuk ds mÌs';ksa dh iwfrZ ds lkFk&lkFk mlls izkIr gksus okyh jktLo dh
izkfIr Hkh fu;fer :i ls gks lds ls lacafèkr iw¡thxr fuos'k dk foÙkiks"k.k djuk gSA blds
vfrfjDr iVuk uxj fuxe dks ;g vfèkdkj gksxk fd og vius foosdkfèkdkj ls fdlh vU;
mi;qä ifj;kstuk dk p;u dj ldsA
2-
mä E;wfufliy ck¡M fuèkkZfjr vofèk ds fy, ,d fd'r ¼Single Tranche½ esa
tujy&jsosU;w&cSDM E;wfufliy ck¡M ds :i esa tkjh fd;k tk,xk] ftldh vofèk nl ¼10½
o"kZ gksxhA ;g ck¡M NSE ij çkbosV@ifCyd IyslesaV ekxZ ds ekè;e ls lwphc) fd;k
tk,xkA E;wfufliy ck¡Mksa esa fuos'k djus okys fuos'kdksa dh Jsf.k;ksa esa ljdkjh laLFkk,¡ ¼tSls
2
ǐबहार गजट (असाधारण), 6 जुलाई 2026
NABFID, IIFCL vkfn½] Hkfo";fufèk@isa'ku@lqij,U;q,'ku@ xzsP;qbVh QaM] E;wpqvy QaM]
cSad ,oa foÙkh; laLFkku] chek daifu;k¡] d‚jiksjsV bdkb;k¡ vkfn 'kkfey gksaxhA
3-
mä ck¡Mksa ij ns; C;kt@dwiu nj dk fuèkkZj.k LV‚d ,Dlpsat ds bysDVª‚fud fcfMax
IysVQ‚eZ ¼EBP½ ds ekè;e ls fd;k tk,xkA
4-
mä ck¡M ls mRiUu gksus okys lHkh nkf;Ro& ftlesa ewyèku dh vnk;xh rFkk C;kt Hkqxrku
lfEefyr gS& iVuk uxj fuxe }kjk vius vkarfjd jktLo lzksrksa ls ogu ,oa fu"ikfnr fd,
tk,axsA ewyèku dh vnk;xh ck¡M fuxZe dh frfFk ds 4 ¼pkj½ o"kZ iw.kZ gksus ds mijkar çkjaHk
fd, tkus dk çLrko gS rFkk ;g ck¡M dh ifjiDork vofèk rd tkjh jgsxhA
5-
iVuk uxj fuxe dks SEBI ¼b';w ,.M fyfLVax v‚Q E;wfufliy MsCV flD;ksfjVht½ fofu;e]
2015 ds lHkh çkoèkkuksa dk iw.kZ vuqikyu lqfuf'pr djuk gksxk] tks fuEuor~ gSa&
¼i½
SEBI&iath—r epsaZV cSadj ,oa Vªkat+SD'ku ,Mokbt+j dh fu;qfä(
¼ii½
fofèkd ijke'kZnkrk dh fu;qfä(
¼iii½
SEBI&iath—r ØsfMV jsfVax ,tsalh ls vfuok;Z ØsfMV jsfVax çkIr djuk(
¼iv½
Mscsapj VªLVh] jftLVªkj ,oa VªkalQ+j ,tsaV bR;kfn dh fu;qfä(
¼v½
c‚.M dh LV‚d ,Dlpsat ij lwphc)rk(
¼vi½
le;≤ ij vko';d lwpukvksa dk vukoj.k ,oa fjiksfVaZx nkf;Roksa dk ikyu
bR;kfnA
6-
PMC }kjk =Sekfld C;kt Hkqxrku ,oa ewyèku nkf;Roksa ds le;c) fuoZgu dks lqfuf'pr
djus gsrq ,d lefiZr ,LØks [kkrk] baVjsLV isesaV vdkmaV ¼IPA½ rFkk flafdax QaM dh LFkkiuk
,oa vuqj{k.k fd;k tk,xkA ,LØks [kkrk dk mi;ksx vkarfjd lalkèkuksa dks tek djus rFkk
izkFkfed rkSj ij E;wfufliy ck¡M ls lacafèkr lHkh udnh çokgksa ds çcaèku gsrq fd;k tk,xkA
,LØks [kkrk esa miyCèk 'ks"k jkf'k dk mi;ksx PMC }kjk vU; O;;ksa gsrq fd;k tk ldsxkA
MsCV lfoZl fjt+oZ vdkmaV ¼DSRA½ esa ,d o"kZ ds C;kt nkf;Ro ds lerqY; jkf'k fQDLM
fMi‚ft+V ¼FD½ ds :i esa lqjf{kr j[kh tk,xh] rkfd fdlh Hkh çdkj dh deh dh fLFkfr esa
lqj{kk miyCèk jgsA IPA dk mi;ksx fo'ks"k :i ls vkofèkd C;kt Hkqxrku nkf;Roksa dh iwfrZ
gsrq fd;k tk,xk] tcfd flafdax QaM ewyèku vnk;xh gsrq] fu;r frfFk;ksa ls iwoZ vko';d
lap;u lqfuf'pr djus ds fy, ekfld varj.k ds ekè;e ls] lapkfyr fd;k tk,xkA
7-
iVuk uxj fuxe ;g lqfuf'pr djsxk fd çLrkfor E;wfufliy ck¡M ¼vfèkdre ₹ 200 djksM+½
ls mRiUu _.k lsok nkf;Ro fdlh Hkh fLFkfr esa vko';d uxjikfydk lsokvksa ds çnk; ij
çfrdwy çHkko u MkysaA fuxe laiw.kZ ck¡M vofèk ds nkSjku foÙkh; vuq'kklu cuk, j[ksxk rFkk
lsok çnk; dh fuckZèkrk gsrq igpkus x, jktLo lzksrksa dks ,LØks [kkrk] MsCV lfoZl fjtoZ
vdkmaV ¼DSRA½ rFkk lajPkukRed Hkqxrku ç.kkyh ¼Structured Payment System½ tSls
mi;qä ØsfMV&,UgkalesaV ra=ksa ds ekè;e ls lajf{kr ¼Ring-Fenced½ djsxkA
8-
iVuk uxj fuxe }kjk fnukad 12 tuojh] 2026 dks vk;ksftr l'kDr LFkk;h lfefr dh 19oha
cSBd dh dk;Zokgh ds Øe la[;k 08 ,oa izLrko la[;k 471 esa uxj vk;qä dh vè;{krk esa
ck¡M fuxZe lfefr ds xBu dk mYys[k gS] ftls ck¡M fuxZe ls lacafèkr lHkh fu.kZ; ysus ds
fy,] la;qä :i ls vFkok i`Fkd&i`Fkd] vfèk—r fd;k x;k gSA blds vUrxZr fuxZe dh
'krksaZ@VeZ
'khV
dk
vafre
:i
nsuk]
ckt+kj
eè;LFkksa
dh
fu;qfä]
lHkh
nLrkost+ksa@le>kSrksa@foys[kksa ij gLrk{kj djuk rFkk ck¡M fuxZe çfØ;k dks iw.kZ djus gsrq
vko';d vU; lHkh dk;Z laikfnr djuk 'kkfey gSA
9-
;g vfèklwpuk rRdky çHkko ls ykxw gksxhA ;g vkns'k fn;k tkrk gS fd bl ladYi dks
fcgkj jkti= ds vkxkeh vlkèkkj.k vad esa loZlkèkkj.k dh tkudkjh gsrq çdkf'kr fd;k tk,A
3
ǐबहार गजट (असाधारण), 6 जुलाई 2026
The 4th July 2026
No. 11/N.V./Vividh-03/2026-2456/UD&HD— Patna Municipal Corporation, in the 19th
meeting of the Empowered Standing Committee held on 12 January 2026, under Agenda Item
No. 08 and Resolution No. 472, received unanimous approval for the proposal to issue Municipal
Bonds up to ₹200 Crore.
In view of the above, in exercise of the powers conferred under Sections 107, 110, 120,
121, 122 and 123 of the Bihar Municipal Act, 2007 (as amended), and in accordance with the
provisions of the SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015, the
State Government hereby grants approval to Patna Municipal Corporation for raising funds
through the issuance of Municipal Bonds up to ₹200 Crore (Rupees Two Hundred Crore only),
subject to the following conditions:
1.
The primary objective of the issuance of the said Bond is facilitate to promote the
development of organized vending zones within the Municipal limits of Patna
and to finance capital investments pertaining to the redevelopment of new market
situated in the vicinity of the Patna Railway Station, as well as other important
areas of Patna Municipal Corporation. The purpose of including multiple project
areas is to ensure that, in the event of any impediment in the execution of works
in a particular area, the available funds may be deployed to other eligible and
priority projects, thereby preventing the idle utilization of resources and ensuring
the achievement of the objectives of Patna Municipal Corporation, along with the
sustained generation of revenue therefrom. Further, Patna Municipal Corporation
shall reserve the right to select any other suitable project at its discretion for
utilization of the bond proceeds, in accordance with applicable regulations and
any other project it may deem fit and appropriate as its sole discretion.
2.
The Municipal Bond with a fixed maturity shall be issued in a single tranche as a
general‑revenue‑backed municipal bond, with a tenure of ten (10) years. The
bond will be listed on the NSE through a Private/Public placement route,
targeting the categories of investors who invest in Municipal Bonds are
Government
institutions
(such
as
NABFID,
IIFCL,
etc),
Provident/Pension/Superannuation/Gratuity Funds, Mutual Funds, Banks and
Financial Institutions, Insurance Companies, Corporates, etc.
3.
The interest/Coupon rate on the bonds will be discovered on Electronic Bidding
Platform (EBP) of the Stock Exchange.
4.
The obligations arising out of the said Bond, including the repayment of principal
and payment of interest thereon, shall be met and discharged by the Patna
Municipal Corporation out of its internal source of revenues. Such repayment
shall propose to be commenced from the end of the 4th year from the issuance of
the Bond and shall continue till maturity period of the Bond.
5.
Patna Municipal Corporation shall comply with all applicable provisions of the
SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015,
including but not limited to ;
i.
Appointment of SEBI-registered Merchant Banker and Transaction
Advisor ;
ii.
Appointment of Legal Advisor;
iii.
Obtaining mandatory credit rating from a SEBI-registered Credit Rating
Agency;
iv.
Debenture Trustee, Registrar and Transfer agent etc;
v.
Listing of bonds on Stock Exchange;
vi.
Periodic disclosures and reporting requirements etc.
4
ǐबहार गजट (असाधारण), 6 जुलाई 2026
6.
A dedicated Escrow Account, Interest Payment Account (IPA), and Sinking Fund
shall be created and maintained by PMC to ensure the timely servicing of
quarterly interest payments and principal obligations. The Escrow Account shall
be utilized for the deposit of internal resources and for managing all cash flows
related to the Municipal Bond as the priority. Any remaining funds in the Escrow
Account is free for other expenditures as may be determined by PMC. The Debt
Service Reserve Account (DSRA) shall maintain a reserve equivalent to one year
of interest obligations to safeguard against any shortfall as Fixed Deposit. The
IPA shall be utilized exclusively for meeting periodic interest payment
requirements, while the Sinking Fund shall be maintained for principal
repayment, with monthly transfers to ensure adequate accumulation before the
due dates.
7.
Patna Municipal Corporation shall ensure that the debt-servicing obligations
arising from the proposed Municipal Bond issuance of up to ₹ 200 crore (Rupees
Two Hundred Crore) do not, under any circumstances, adversely impact the
delivery of essential municipal services. The PMC shall maintain prudent
financial discipline throughout the tenure of the bonds and shall safeguard
uninterrupted service delivery by ring-fencing the identified revenue streams
through appropriate credit-enhancement mechanisms, including Escrow
Accounts, Debt Service Reserve Account (DSRA), and Structured Payment
Systems.
8.
In the 19th meeting of the Empowered Standing Committee held on 12 January,
2026 by the Patna Municipal Corporation, under Agenda Item No. 08 and
Proposal No. 471. It is mentioned that, under the chairmanship of the Municipal
Commissioner, a Bond Issuance Committee has been constituted. The said
committee has been authorized, jointly or separately, to take all decisions related
to the issuance of bonds. Under this, it has been empowered to finalize the
terms/term sheet of the terms of the Issue/Term Sheet, appointment of market
intermediaries, signing of all documents/agreements/deeds, etc. or to undertake
any other activities as may be required for completion of the bond issue exercise.
9.
This notification shall come into force with immediate effect. It is hereby ordered
that this resolution be published in the forthcoming extraordinary issue of the
Bihar Gazette for the information of the public.
By order of the Governor of Bihar,
MANOJ KUMAR RAJAK,
Additional Secretary to Government.
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अधी¢क, सिचवालय मुġणालय,
ǐबहार, पटना Ʈारा Ĥकािशत एवं मुǐġत।
ǐबहार गजट (असाधारण) 735-571+300-डी0टȣ0पी0।
Website: https://egazette.bihar.gov.in