Pimpri Chinchwad, Surat and Prayagraj are the other municipalities seeking to sell bonds. Pimpri Chinchwad Municipal Corporation, which is likely to start its issue in May, could raise about ₹200 crore, sources said. Chennai, on the other hand, could sell bonds worth around ₹300 crore in May or June. The remaining corporations are in the process of finalising the exact quantum of funds to be raised.
