Investment by Foreign Portfolio Investors in Corporate Debt Securities – Review

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time. 2. Currently, the limit for investment by Foreign Portfolio Investors (FPIs) in corporate bonds is ₹ 244,323 crore. This includes issuance of Rupee deno .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e amount of ₹ 44,001 crore arising from shifting of Masala bonds will be released for FPI investment in corporate bonds over the next two quarters as specified in Table 1. Table 1 - Limit for FPI Investments in Corporate Bonds Amount (₹ crore) 1. Current FPI limits for corporate bonds (including masala bonds) 2,44,323 (a) of which Masala bonds (including pipeline) 44,001 2. F .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s issued by the Reserve Bank of India. Long term FPIs will continue to be eligible to invest in sectors other than infrastructure. 4. All other existing conditions for investment by FPIs in the debt market remain unchanged. 5. AD Category-I banks may bring the contents of the circular to the notice of their customers/constituents concerned. 6. The directions contained in this circular have been .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X