Bihar is poised to enter the municipal bond market with Patna Municipal Corporation planning to raise ₹200 crore over 10 years, marking the nation’s first civic bond issue of 2026-27. Meanwhile, the Brihanmumbai Municipal Corporation is nearing the finalization of merchant bankers for its ₹1,000 crore fundraising this fiscal year. Ahmedabad Municipal Corporation is also in discussions to secure a similar amount.