NSE to auction investment limits of Rs 4,569 cr government bonds

Mumbai Jan 25 (IANS) The National Stock Exchange (NSE) on Thursday said it will auction debt investment limits to enable foreign investors to purchase government bonds worth Rs 4 569 crore.

The auction will be conducted on Monday (January 29) 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 said it conducted a mock bidding session on January 25 (Thursday) 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 as on January 24 (Wednesday) in the government debt (auction) category has reached Rs 186 731 crore -- which is 97.61 per cent of the total permitted limit of Rs 191 300 crore.

"Consequently exchange shall conduct an auction for the allocation of unutilised debt limits on January 29 2018 " it added.

The debt auction quota gives Foreign Portfolio Investors the right to invest in the debt up to the limit purchased.

--IANS
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