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