Photo: MintNew Delhi: The National Stock Exchange (NSE) on Friday said it will auction investment limits for overseas investors for the purchase of government and corporate debt securities totalling over Rs8,800 crore on Monday. The auction would be conducted for investment limits worth Rs5,481 crore of government debt securities, while the same would be Rs3,360 crore for corporate bonds, NSE said in a circular. The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchase. Consequently, the exchange has decided to conduct an auction for the allocation of unutilised debt limits on 14 August. In an auction conducted last month, corporate bonds received an overwhelming response from foreign portfolio investors (FPIs) and attracted bids worth Rs10,442 crore as compared to Rs7,418 crore on offer.

Source: Mint August 11, 2017 09:00 UTC