BSE to auction investment limits for Rs. 4,000-cr govt bonds

Leading stock exchange BSE today said it will auction investment limits on Monday, enabling foreign investors to purchase government bonds worth nearly Rs. 4,000 crore.

The auction will be conducted on BSE’s ebidxchange platform from 1530 hrs to 1730 hrs, after the close of market hours, the exchange said in a circular.

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 (worth Rs. 3,930 crore) for FII/ FPI/ sub-accounts shall be conducted on November 27, 2017 on the exchange’s ‘ebidxchange’ platform,” BSE said.

A mock bidding session would also be conducted on that day to check the system’s performance, it added.

Earlier this month, the government bond had attracted bids to the tune of Rs. 3,666 crore from foreign portfolio investors (FPIs) in an auction of investment limits for such securities, much higher than the Rs.2,169 crore that was on offer.

Source:-.thehindubusinessline.