Govt bonds in high demand; BSE auction over-subscribed

The auction was held at the BSE’s ebidxchange platform for allocation of foreign institutional investors’ investment limits in government debt securities.

Indian government bonds attracted bids worth Rs. 987 crore from the foreign investors on Monday as against Rs. 561 crore worth of securities put on offer.

The auction was held at the BSE’s ebidxchange platform for allocation of foreign institutional investors’ (FIIs) investment limits in government debt securities.

At the end of a two-hour auction on Monday evening, 29 bids were declared successful.

Total investments, including limits acquired by FIIs through the auction route, stood at Rs. 1,23,876 crore till 6th August, which is 99.5% of the total permitted investment limit of Rs. 1,24,432 crore in government debt.

Earlier this month, the NSE conducted an auction for government debt securities worth Rs. 556 crore, which attracted bids worth Rs. 974 crore.