Corporate bonds on Friday attracted bids worth $1.4 billion from foreign portfolio investors (FPIs) in an auction of investment limits for such securities of worth $1.3 billion on offer.
The auction was conducted on BSE's ebidxchange platform from 1530-1730 hrs after market hours, the exchange data showed. Of the 46 bids, 40 were declared successful, it showed.
FPIs bid Rs 9,071 crore ($1.4 billion) for investment limits in corporate debt as against Rs 8,314 crore ($1.3 billion) on offer. The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased.