Press Esc to close
Saturday 25 February 2017
News updated at 2:09 AM IST
Weather
Max: 35°C
Min : 19.2°C
In Bengaluru
clear sky

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
A young leopard in a box in the zoo in Eberswalde, Germany...

A young leopard in a box in the zoo in Eberswalde, Germany...

Devotees performing pooja to Lord Shiva at Shiva Temple, old airport road, on the occasion...

Devotees performing pooja to Lord Shiva at Shiva Temple, old airport road, on the occasion...

Emma Watson arrives for the Beauty And The Beast Premiere...

Emma Watson arrives for the Beauty And The Beast Premiere...

Army jawans firing air shots to pay tributes to L/NK Ghulam Mohi ud din Rather during...

Army jawans firing air shots to pay tributes to L/NK Ghulam Mohi ud din Rather during...

The yet unnamed polar bear cub and its mother Giovanna explore the open air enclosure...

The yet unnamed polar bear cub and its mother Giovanna explore the open air enclosure...

Devotees offering prayers to lord Rameshwara on the occasion of 'Shivaratri' at Rameshwara Swamy...

Devotees offering prayers to lord Rameshwara on the occasion of 'Shivaratri' at Rameshwara Swamy...

A cow stands with the cow photographer in front a screen in Verden, Germany...

A cow stands with the cow photographer in front a screen in Verden, Germany...

A boy carrying his grand father for casting during the 4th phase of assembly elections...

A boy carrying his grand father for casting during the 4th phase of assembly elections...

NSUI activists participating in peace unity march at Delhi University in New Delhi...

NSUI activists participating in peace unity march at Delhi University in New Delhi...

A man dressed as Hindu Lord Shiva performs during a religious procession ahead of the Hindu...

A man dressed as Hindu Lord Shiva performs during a religious procession ahead of the Hindu...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523