BSE will auction investment limits for foreign investors to purchase government bonds worth over Rs 11,000 crore on Tuesday. Auction for investment limits for such government securities has been receiving a good response from foreign portfolio investors (FPIs) in the recent past.
The auction will be conducted on BSE’s ebidxchange platform from 3:30 pm to 5:30 pm, after the close of market hours, the exchange said in a notice today.
The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased. “Live bidding session for allocation of debt investment limits (Rs 11,045 crore) for FPI ... will be conducted on April 3, 2018 on exchange’s ‘ebidxchange’ platform,” it said.
In an auction conducted last month, investment limits for government debt securities had attracted bids to the tune of Rs 13,071 crore by FPIs against Rs 10,979 crore on offer.