Leading stock exchange BSE will auction investment limits tomorrow, enabling foreign investors to purchase corporate bond securities worth over Rs 10,500 crore.
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 circular 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 10,502 crore) for FII/FPI/sub accounts shall be conducted on October 17, 2017 on exchange's 'ebidxchange' platform," BSE said.
Besides, a mock bidding session would be conducted tomorrow between 11:30 am and 1:00 pm to check the system's performance.
In an auction conducted last month, corporate debt securities had attracted bids to the tune of Rs 5,241 crore from foreign portfolio investors (FPIs) as against Rs 2,229 crore on offer.
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