New Delhi: Corporate bonds attracted bids worth $2.5 billion from foreign investors in an auction on Wednesday as against the debt investment limit of $2 billion on offer, exchange data showed.
The investment limit for such securities has been receiving a good response from foreign portfolio investors (FPIs) in the recent past.
The auction was conducted on the BSE's e-bidxchange platform from 3.30-5.30 pm, after the market hours.
Foreign portfolio investors bid Rs 15,961 crore ($2.5 billion) for investment limits in corporate bond as against Rs 13,756 crore ($2.16 billion) on offer, showed the data with stock exchanges.
Of the 49 bids, as many as 42 were declared successful.
The debt auction quota gives overseas investors the right to invest in corporate debt securities up to the limit purchased.