NSE to auction limits for Rs 7,300-crore corp bonds

Leading bourse National Stock Exchange (NSE) will auction investment limits for overseas investors for purchase of corporate bonds worth over Rs 7,300 crore on Thursday.

The auction will be conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs after the close of market hours.

Till Monday, the total investment in the corporate debt category reached Rs 2,10,448 crore, which is 96.61% of the total permitted threshold of Rs 2,17,822 crore, as per the latest update with depositories.

In an auction conducted last month, investment limits for corporate bonds had attracted bids to the tune of Rs 9,071 crore by foreign portfolio investors (FPIs) against Rs 8,314 crore put on offer.