Press Esc to close
Sunday 21 September 2014
News updated at 2:07 AM IST
Weather
Max: 27.1°C
Min : 20.1°C
In Bangalore
Sunny day

Govt bonds worth $3.97 b to be auctioned to FIIs

Mumbai, Jul 20, 2013, PTI :

Bidding on NSE's e-platform tomorrow

The Securities and Exchange Board of India (Sebi) will hold an auction on Monday for grant of investment limits to foreign investors in government debt securities worth over Rs. 23,000 crore.

At the auction, to be held on the National Stock Exchange on July 22, foreign institutional investors (FIIs) would be able to bid for investment limits of Rs 23,661 crore ($3.97 billion) in government bonds.

The auction follows a robust interest shown by FIIs for sale of government debt bond investment limits to the tune of Rs 42,000 crore last month. The encouraging response last month came at a time when FIIs have been pulling out of Indian debt market.


Since the beginning of June, FIIs had made a net outflow of over Rs 44,331 crore from debt securities, after a net inflow of about Rs.25,000 crore in the first five months of this year. Indian debt markets had witnessed robust interest from FIIs last year as well, when their net investments stood at close to Rs.35,000 crore.

The bidding would be held on a designated electronic exchange platform of NSE between 3.30 pm and 5.30 pm, the bourse said in a circular.

This would be the second auction for debt securities since a hike in the investment limits for FIIs in government debt to $30 billion, from $25 billion previously, last month.

Go to Top

Photo Gallery
Amitabh Bachchan attends a “Kaun Banega Crorepati” event in Mumbai ...

Amitabh Bachchan attends a “Kaun Banega Crorepati” event in Mumbai ...

Gold medal winner India's Jitu Rai poses at the medal ceremony of Men's 50M Pistol shooting ...

Gold medal winner India's Jitu Rai poses at the medal ceremony of Men's 50M Pistol shooting ...

India's Heena Sindhu  during 10M Air Pistol Women's team qualification shooting ...

India's Heena Sindhu during 10M Air Pistol Women's team qualification shooting ...

Dalai Lama during inaugural speech at two-day meeting of Diverse Spiritual Traditions of India ...

Dalai Lama during inaugural speech at two-day meeting of Diverse Spiritual Traditions of India ...

John Abraham along with Spanish football player Joan Capdevila during a press conference in ...

John Abraham along with Spanish football player Joan Capdevila during a press conference in ...

India's badminton player P V Sindhu play a shot against Thailand's Buranaprasertsuk ...

India's badminton player P V Sindhu play a shot against Thailand's Buranaprasertsuk ...

ITC Chairman Y C Deveshwar meets Prime Minister Narendra Modi to hand over a cheque for  ...

ITC Chairman Y C Deveshwar meets Prime Minister Narendra Modi to hand over a cheque for ...

India's P C Thulasi plays a shot during the Quaterfinal match of women's singles badminton ...

India's P C Thulasi plays a shot during the Quaterfinal match of women's singles badminton ...

Two stray dogs on a pipe in a flooded locality on the outskirts of Srinagar ...

Two stray dogs on a pipe in a flooded locality on the outskirts of Srinagar ...

Bollywood actor Farhan Akhtar at the launch of Coca Cola Zero in New Delhi ...

Bollywood actor Farhan Akhtar at the launch of Coca Cola Zero in New Delhi ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523