NSE to auction quota for investment in govt, corporate bonds

India Infoline News Service | Mumbai | August 13, 2017 09:05 IST

National Stock Exchange has informed that it will auction investment limits for overseas investors for the purchase of corporate debt securities and government bonds.

National Stock Exchange (NSE) has informed that it will auction investment limits for overseas investors for the purchase of corporate debt securities and government bonds totalling over Rs 8,800 crore on Monday, reported a leading business daily.

The auction would be conducted for investment limits worth Rs 5,481 crore of government debt securities, while the same would be Rs 3,360 crore for corporate bonds.

The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased. The auction will be conducted on NSE’s e-bid platform from 1530 hours to 1730 hours after the close of market hours.

Till Thursday, total investment in government debt reached Rs 1,82,219 crore, which was 97.08% of total permitted limit of Rs 1,87,700 crore  while the same in corporate bond stood at Rs 2,40,963 crore (98.62% of total permitted limit of Rs 2,44,323 crore).
 
Consequently, the exchange has decided to conduct an auction for the allocation of unutilised debt limits on August 14, 2017.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.