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Monday, 6 November 2017

NSE to auction investment limits for Rs 9,000-cr corporate bonds on Nov 7

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Leading bourse National Stock Exchange (NSE) will auction investment limits for overseas investors for the purchase of corporate bonds worth over Rs 9000 crore on Tuesday, Nov 7, 2017.

The auction quota gives overseas investors the right to invest in debt up to the specific limit.  Till Friday, total investment in the corporate debt segment crossed Rs 2,08,804 cr, 95.86% of the total permitted threshold of Rs 2,17,822 crore. As a result, the NSE will conduct an auction for the allocation of unutilized debt limits to the tune of Rs 9,018 cr on Nov 7. 

In an auction conducted in October, investment limits for corporate bonds had attracted bids worth 11,875 cr from FPIs as against 10,502 cr put on offer.



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