New Delhi: Investment limits for government debt securities worth Rs 2,684 crore will be auctioned for overseas investors on the National Stock Exchange (NSE) on Monday.
The auction would take place on NSE's e-bid platform from 3:30 p.m. to 5:30 p.m. on May 18 - after close of normal market hours.
A mock bidding session was conducted on Friday to check the system performance.
According to information available with the depositories, the total investments, including limits acquired by foreign investors through auction route, stood at Rs 1,21,748 crore till Thursday, which is 97.84 of total permitted limit of Rs 1,24,432 crore.
"Consequently, exchange shall conduct an auction for the allocation of unutilized debt limits on May 18, 2015," NSE said in a circular on Friday.
The earlier auctions for government debt securities have always been over-subscribed multiple times, given the huge interest among foreign investors for these bonds.
The demand for corporate debt securities among foreign investors is less as compared to government bonds.
Foreign investors are allowed to park up to $25 billion (Rs 1,24,432 crore) in government debt securities through auction route, while an investment of up to $5 billion (Rs 29,137 crore) is permitted 'on tap'.
New Delhi: Investment limits for government debt securities worth Rs 2,684 crore will be auctioned for overseas investors on the National Stock Exchange (NSE) on Monday.
The auction would take place on NSE's e-bid platform from 3:30 p.m. to 5:30 p.m. on May 18 - after close of normal market hours.
A mock bidding session was conducted on Friday to check the system performance.
According to information available with the depositories, the total investments, including limits acquired by foreign investors through auction route, stood at Rs 1,21,748 crore till Thursday, which is 97.84 of total permitted limit of Rs 1,24,432 crore.
"Consequently, exchange shall conduct an auction for the allocation of unutilized debt limits on May 18, 2015," NSE said in a circular on Friday.
The earlier auctions for government debt securities have always been over-subscribed multiple times, given the huge interest among foreign investors for these bonds.
The demand for corporate debt securities among foreign investors is less as compared to government bonds.
Foreign investors are allowed to park up to $25 billion (Rs 1,24,432 crore) in government debt securities through auction route, while an investment of up to $5 billion (Rs 29,137 crore) is permitted 'on tap'.
New Delhi: Investment limits for government debt securities worth Rs 2,684 crore will be auctioned for overseas investors on the National Stock Exchange (NSE) on Monday.
The auction would take place on NSE's e-bid platform from 3:30 p.m. to 5:30 p.m. on May 18 - after close of normal market hours.
A mock bidding session was conducted on Friday to check the system performance.
According to information available with the depositories, the total investments, including limits acquired by foreign investors through auction route, stood at Rs 1,21,748 crore till Thursday, which is 97.84 of total permitted limit of Rs 1,24,432 crore.
"Consequently, exchange shall conduct an auction for the allocation of unutilized debt limits on May 18, 2015," NSE said in a circular on Friday.
The earlier auctions for government debt securities have always been over-subscribed multiple times, given the huge interest among foreign investors for these bonds.
The demand for corporate debt securities among foreign investors is less as compared to government bonds.
Foreign investors are allowed to park up to $25 billion (Rs 1,24,432 crore) in government debt securities through auction route, while an investment of up to $5 billion (Rs 29,137 crore) is permitted 'on tap'.
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