Press Esc to close
Wednesday 26 November 2014
News updated at 3:08 AM IST
Weather
Max: 29.1°C
Min : 17°C
In Bengaluru
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
It is business as usual in Leopold Cafe on the eve of the anniversary ...

It is business as usual in Leopold Cafe on the eve of the anniversary ...

England's captain Alastair Cook (R) talks with his teammate Ravi Bopara...

England's captain Alastair Cook (R) talks with his teammate Ravi Bopara...

Models pose with a car during the inauguration of the Lamborghini showroom...

Models pose with a car during the inauguration of the Lamborghini showroom...

Women from the Delhi police force, undergo martial arts training...

Women from the Delhi police force, undergo martial arts training...

Indian tennis player Sania Mirza blows whistle to joins campaign...

Indian tennis player Sania Mirza blows whistle to joins campaign...

Children rights activist Baburaj, Good Sheperd High School headmistress ...

Children rights activist Baburaj, Good Sheperd High School headmistress ...

A Sun Bird sits on a branch of Jacaranda flower tree...

A Sun Bird sits on a branch of Jacaranda flower tree...

BJP MP'S meeting in Parliament house...

BJP MP'S meeting in Parliament house...

Bipasha Basu and Milind Soman at Pinkathon announcement

Bipasha Basu and Milind Soman at Pinkathon announcement

Modi with BJP leaders at an election rally in Jharkhand

Modi with BJP leaders at an election rally in Jharkhand

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