Mumbai– The National Stock Exchange (NSE) on Friday said it will auction debt investment limits to enable foreign investors to purchase corporate bonds worth Rs 9,475 crore.
The auction will be conducted on Monday (January 22) on its “nse-ebid” platform post-market hours from 3.30 p.m. to 5.30 p.m., the NSE said in a circular.
The leading bourse conducted a mock bidding session on Friday during market hours from 2.30 p.m. to post-closing at 4.30 p.m “to make members/custodians accustomed with bidding platform”.
The NSE said the total investment in corporate debt category reached Rs 215,848 crore on January 18 (Thursday) which is 95.79 per cent of total permitted limit of Rs 225,323 crore.
“Consequently, exchange shall conduct an auction for the allocation of unutilised debt limits on January 22, 2018,” it added.
The debt auction quota gives FPIs the right to invest in the debt up to the limit purchased. (IANS)