| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

Bond Market News

SEBI Imposes Limit on Foreign Investments of Rupee-denominated Debt

India’s market regulator, Securities and Exchange Board of India (SEBI), adjusts foreign investor limit on purchases of rupee-denominated corporate bonds, on Thursday last week (20 July).

According to the latest change, foreign investors would only be allowed to purchase rupee-denominated corporate debt on tap, of up to 95% ($37.87 billion). On the other side, Indian corporate issuers would also be prevented from selling until the foreign ownership in corporate debt falls below 92% of the quota.

This new restriction aims to prevent a breach of the foreign investment ceiling. Currently, foreign investors have used 92.9% of the quota. If it exceeds 95%, investors would then have to bid for the remaining capacity via an auction.

Related Posts:
Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960
© Copyright BondbloX 2023, All Rights Reserved.