Press Esc to close
Wednesday 30 July 2014
News updated at 4:37 PM IST
Weather
Max: 0°C
Min : 0°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
Sushil Kumar of India, right, wrestles with Qamar Abbas of Pakistan in a FS 74kg gold ...

Sushil Kumar of India, right, wrestles with Qamar Abbas of Pakistan in a FS 74kg gold ...

Nigeria's Melvin Bibo (L) competes with India's Sushil Kumar (R) at the Men's Freestyle...

Nigeria's Melvin Bibo (L) competes with India's Sushil Kumar (R) at the Men's Freestyle...

India's wrestling medalists Sushil Kumar, left with gold, Vinesh, second left with gold...

India's wrestling medalists Sushil Kumar, left with gold, Vinesh, second left with gold...

Gold medal winner Steven Kukuna Kari of Papua New Guinea, centre, attempts to lift silver...

Gold medal winner Steven Kukuna Kari of Papua New Guinea, centre, attempts to lift silver...

Chandrakant Dadu Mali of India lifts188kg to win bronze in the Men's 94kg weightlifting ...

Chandrakant Dadu Mali of India lifts188kg to win bronze in the Men's 94kg weightlifting ...

Amit Kumar of India runs a lap of honour to celebrate winning gold against Ebikweminomo Welson...

Amit Kumar of India runs a lap of honour to celebrate winning gold against Ebikweminomo Welson...

Vinesh of India, left, wrestles with Yana Rattigan of England in the FS 48kg gold medal match...

Vinesh of India, left, wrestles with Yana Rattigan of England in the FS 48kg gold medal match...

People enjoy at Marina Beach in Chennai...

People enjoy at Marina Beach in Chennai...

India's Kohli rolls on the ground after avoiding a ball bowled by England's Woakes..

India's Kohli rolls on the ground after avoiding a ball bowled by England's Woakes..

Smoke from the explosion of an Israeli strike rise over Gaza City...

Smoke from the explosion of an Israeli strike rise over Gaza City...

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