In­dia's Sebi to auc­tion over Rs 10,000 cr debt in­vest­ment

The Pak Banker - - Front Page -


En­thused by grow­ing in­ter­est of for­eign in­vestors in debt se­cu­ri­ties in the coun­try, In­dia's mar­ket reg­u­la­tor Sebi will con­duct an auc­tion this week for in­vest­ment worth over Rs 10,000 crore by for­eign in­vestors. The auc­tion will be con­ducted on Novem­ber 20 in both In­dia's govt and cor­po­rate debt se­cu­ri­ties.

There are in­di­vid­ual caps on in­vest­ment by FIIs (For­eign In­sti­tu­tional In­vestors) in each cat­e­gory and Sebi con­ducts monthly auc­tions for the avail­able lim­its within these caps. At the last month's auc­tion, the FIIs had bid ag­gres­sively for both In­dia's govt and cor­po­rate bonds. In­ci­den­tally, the FII in­vest­ment in In­dian debt mar­ket hit its eight-month high level of Rs 7,852 crore (about USD 1.5 bil­lion) last month. This month, Sebi is con­duct­ing auc­tion for gov­ern­ment and cor­po­rate debt se­cu­rity in­vest­ments worth a to­tal of Rs 10,616 crore or over USD 1.9 bil­lion.

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