NSE to auction govt bonds worth `617 crore today
Leading bourse National Stock Exchange will auction on Monday government debt securities worth Rs 617 crore for overseas investors, whose total investment has crossed 99 per cent of the permitted limit.
The auction would be conducted for overseas investors at 'NSE-ebid' platform for government debt securities, the exchange said in a circular. The total overseas investments in government debt securities through auction route has touched Rs 1,23,815 crore till February 18, which is 99.5 per 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," the circular said.
The auction will begin at 1530 hrs and close at 1730 hrs. A mock bidding session was conducted on Friday to check the system performance.