New Delhi: Corporate bonds on Wednesday received an overwhelming response from foreign investors and attracted bids worth $1.6 billion, against $1.15 billion on offer. The auction was conducted on BSE’s ebidxchange platform from 1530 hours to 1730 hours, after the market hours. More From Livemint »Foreign portfolio investors (FPIs) bid for investment limits in corporate debt securities worth Rs10,442 crore ($1.62 billion) as against Rs7,418 crore ($1.15 billion) on offer. The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased. In an online auction conducted on Tuesday, government debt securities had attracted bids to the tune of Rs14,698 crore as against Rs10,922 crore on offer.

Source: Mint July 26, 2017 15:11 UTC