Allocation of Government debt & corporate debt investment limits to FIIs

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..... urity of over five years issued by companies in the infrastructure sector. 2. It has been decided that above incremental limits, shall be allocated to the market participants through bidding process and first come first served process. The unutilized limit from past allocations shall also be allocated to the market participants through bidding process and first come first served process. 3. Manner of identification of companies eligible as "Infrastructure" 3.1. For incremental limit in corporate debt category investment can be made in corporate bonds of companies which would be classified as infrastructure companies in terms of the External Commercial Borrowings (ECB) Policy. 3.2. FIIs shall satisfy themselves before investing in instru .....

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..... y. 4.2.2. In partial amendment to clause 3 (c) and 3(d) of the aforesaid circular IMD/FII &C/ 37/2009, the minimum amount which can be bid for shall be ₹ 100 cr. and the minimum tick size shall be ₹ 50 cr. 5. Allocation through first come first serve process (FCFS): In terms of SEBI circular dated January 31, 2008, the Government debt long term & corporate debt (for both old and incremental) limits shall be allocated in the FCFS basis subject to the following conditions:- 5.1. The remaining amount in government debt & corporate debt after bidding process shall be allocated among the FIIs/sub-accounts on a FCFS basis. 5.2. The debt requests in this regard shall be forwarded to the dedicated email id [email protected]. .....

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..... business days shall be allowed for replacement of the disposed off/ matured debt instrument/ position. It has now been decided that time period for replacement of the disposed off/ matured debt instrument/ position for corporate debt shall be 15 working day. 'Working days' would mean working days of SEBI. The above mentioned circulars stand amended to that extent. Period of replacement of the disposed off/ matured debt instrument/ position for Government debt will continue to be at 5 working days. 6.4. Utilisation period is summarized in the below table: Allocation window Existing utilisation period Revised Utilisation Period G-sec Corporate Debt Old Long Term Old Infra 5 year FCFS (working Day) 11 11 11 22 22 Bidding (Cal .....

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