9911796707
TMI BlogRevisions in FII Investments in corporate debt long term infra categoryX X X X Extracts X X X X X X X X Extracts X X X X ..... ircular IMD/FII&C/5/2011 dated March 31, 2011 wherein the enhanced debt investment limits for FII investment in corporate debt long term infra category, and the modalities for allocation was specified. 2. Reference is drawn to SEBI circular IMD/DF/14/2011 dated August 09, 2011 allowing Qualified Foreign Investor (QFI) in Mutual Fund Schemes to invest in debt schemes which invest in infrastructure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hree year residual maturity- 5. The remaining USD 17 billion limits available to FIIs can be invested in Long term infra bonds which have an initial maturity of 5 years or more at the time of issue and residual maturity of 3 years at the time of first purchase by an FII. These investments are subject to a lock in period of 3 years wherein FIIs can trade amongst themselves but cannot sell to domes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt in IDF) 17 76,225 8. It is to be clarified that as per convention, in case of bonds that have embedded options, such as bonds with put and call options, the date of the put/ call shall be determined as the maturity date for the purpose of calculating residual maturity. Manner of allocation 9. In terms of para 6 of the circular of even number dated March 31, 2011, "FIIs/sub-accounts were al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Allocation of entire USD 5 billion limit for FII investments in terms of para 4 above shall be through the bidding process on the NSE from 15:30 hrs to 17:30 hrs, on October 07, 2011, in terms of SEBI circular IMD/FII&C/37/2009 dated February 06, 2009, subject to the modifications stated below:- a. In partial amendment to clause 3 (h) of the aforesaid circular IMD/FII & C/37/2009, no single entit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. A copy of this circular is available at the web page "F.I.I." on our website www.sebi.gov.in. The custodians are reques ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
