Allocation of debt investment limits to FIIs
Summary
This circular allocates unutilized debt investment limits to Foreign Institutional Investors through bidding and first-come-first-served processes. It establishes specific caps on allocations per entity, with a Rs. 200 crore limit for government debt and Rs. 2,000 crore for corporate debt under the bidding method. The document also details procedural requirements, including minimum bid amounts, tick sizes, and application formats for the FCFS window.
Text
no single entity shall be allocated more than Rs.200 cr. of the government debt investment limit.
the minimum amount which can be bid for shall be Rs.50 cr. and the minimum tick size shall be Rs.50 cr.
no single entity shall be allocated more than Rs.2000 cr. of the corporate debt investment limit.
the minimum amount which can be bid for shall be Rs.200 cr. and the minimum tick size shall be Rs.200 cr.
An investment limit of Rs.200 cr. in Government debt shall be allocated among the FIIs/sub-accounts on a first come first served basis, subject to a ceiling of Rs.49 cr. per registered entity.
The remaining amount in corporate debt after bidding process shall be allocated among the FIIs/sub-accounts on a first come first served basis, subject to a ceiling of Rs.199 cr. per registered entity.
The custodians are requested to bring the contents of this circular to the notice of their FII clients.
Source: SecMarx — Allocation of debt investment limits to FIIs. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.