SEBI to auction FIIs' incremental debt investment limits

26 Nov 2010

1

The incremental limits for foreign institutional investments in government and corporate debt will be allocated to market participants through a bidding process and first-come first-served basis.

The unutilised limit from past allocations will also be allocated through bidding process and first come first served basis, the Securities and Exchange Board of India (SEBI) said in a circular today.

Bidding for the limits would be conducted on the BSE between 15:30 and 17:30 hrs on 2 December 2010.

This incremental limit, however, has to be invested in governmental securities with residual maturity of over five years and, in the case of corporate debt, this investment should be in the infrastructure sector.

The government had, recently, increased the limit of Fll investment in both government and corporate debt by $5 billion.

For incremental limit in corporate debt category investment can be made in corporate bonds of companies, which would be classified as infrastructure companies in terms of the External Commercial Borrowings (ECB) policy, SEBI said.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more