I have come to collect info related to Municipal Corporation Bonds, so would you plz let me now and tell me deference between a corporate bond and a municipal bond ??

[prince karak]

Pune Municipal Corporation is the civic body that governs Pune, the second largest city of Maharashtra. Established on 15 February 1950,

Pune Municipal Corporation was planning to raise capital of Rs 200 crore through municipal bonds on June 22, 2017, reported a leading national news agency.
Pune Municipal Corporation set to get listed on the Asia’s oldest stock exchange, Bombay Stock Exchange soon. The Pune city has received top slot of AA+ out of 94 cities rated by the Union Urban Development Ministry.

Difference between a corporate bond and a municipal bond
Returns: The average yield on municipal bonds over the past 10 years has been just over 4%, whereas corporate bonds have averaged between 5 and 7%.

Tax status: The interest earned on most muni bonds is exempt from federal taxes and, in some cases, state taxes as well


Pune Municipal Corporation
Type Municipal Corporation of the Pune
History
Founded 1950
Leadership
Mayor Mukta Tilak (BJP )
Commissioner Mr. Kunal Kumar
Structure
Seats 162

Political groups BJP: 97 seats
Shiv Sena: 10 seats
NCP: 39 seats
INC: 9 seats
MNS: 2 seats
AIMIM: 1 seat
Independents: 4 seat
Elections
Last election 2017