NSE to auction govt bonds worth Rs 2521 cr on July 21

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The National Stock Exchange will auction on Monday government debt securities worth Rs 2,521 crore for overseas investors, whose total investment has crossed 97 per cent of the permitted limit, reported PTI.

The auction follows robust interest shown by foreign investors for the sale of government bond investments to the tune of Rs 7,152 crore last month, said the media report.

Their total investment in government debt has reached Rs 97,025 crore on July 17, which is 97.47 per cent of the total permitted limit of Rs 99,546 crore.

Consequently, the NSE will conduct an auction on July 21 for allocation of unutilised investment limits worth Rs 2,521 crore in government debts, the bourse said in a circular.

Story first published: Friday, July 18, 2014, 23:00 [IST]
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