BSE to auction investment limits for Rs 4,818 crore govt bonds
The debt auction quota gives overseas investors the right to invest in the debt, up to the limit purchased.
New Delhi: Leading bourse BSE will tomorrow auction investment limits for overseas investors for the purchase of government debt securities worth Rs 4,818 crore. The auction will be conducted on BSE's e-bidxchange platform, from 3.30 PM to 5.30 PM, after the close of market hours.
The debt auction quota gives overseas investors the right to invest in the debt, up to the limit purchased. In a circular, BSE said live bidding session for debt investment limits for FPIs will be conducted on Monday, April 25, 2016, on exchange's 'e-bidxchange' platform.
In earlier auctions, government bonds have been subscribed multiple times, given the huge interest among the foreign investors. An auction of government debt securities conducted on April 4, had attracted bids worth Rs 6,096 crore from Foreign Portfolio Investors (FPIs) against Rs 8,541 crore put on offer.
To boost inflows of foreign funds, the limit for overseas investors in central government was hiked to Rs 1.4 lakh crore from April 4 and it will be further increased to Rs 1.44 lakh crore from July 5. Earlier, the limit was Rs 1,35,400 crore.