NSE to auction government bonds worth Rs 617 crore on 23th February

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New Delhi: Leading bourse National Stock Exchange (NSE) will auction government debt securities worth Rs 617 crore for overseas investors next week, whose total investment has crossed 99 percent of the permitted limit.
The auction would be conducted for overseas investors at ‘nse-ebid’ platform for government debt securities, as per information provided by the bourse.

The total overseas investments in government debt securities through auction route has touched Rs 1,23,815 crore till yesterday, which is which is 99.5 er cent of total permitted limit of Rs 1,24,432 crore.

“Consequently, exchange shall conduct an auction for the allocation of unutilised debt limits on February 23, 2015,” NSE said in a circular.

The auction will begin at 1530 hours and close at 1730 hours. A mock bidding session would be conducted on Friday, February 20, to check the system performance.

The debt auction quota give overseas investors the right to invest in debt up to the limit purchased.

Earlier this month, BSE had conducted auction for government bonds worth Rs 310 crore, which attracted bids to the tune of Rs 813 crore.

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