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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