Corporate bonds today attracted bids worth over USD 1.8 billion from foreign portfolio investors (FPIs) in an auction of investment limits for such securities, higher than the USD 1.6 billion on offer.
The auction was conducted on BSE's 'ebidxchange' platform from 1530 hrs to 1730 hrs.
Of the total 32 bids, as many as 30 of them were declared successful after the end of the two-hour auction after market hours.
Foreign portfolio investors (FPIs) bid for investment limits in government debt securities to the tune of Rs 11,875 crore (USD 1.83 billion) as against Rs 10,502 crore (USD 1.62 billion) on offer, exchange data showed.
The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased.
In an auction conducted last month, corporate debt securities had attracted bids to the tune of Rs 5,241 crore from FPIs as against Rs 2,229 crore on offer.
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