ISSUING AUTHORITY : SECURITIES AND EXCHANGE BOARD OF INDIA
DATE OF ISSUE : 14/02/2014
EFFECTIVE DATE : IMMEDIATE EFFECT
CIRCULAR NO. CIR/IMD/FIIC/4/2014
The limit for investment by SEBI registered FIIs, QFIs and long term Investors in Corporate Debt stood at USD 51 billion. Out of the above limit of USD 51 billion, a sub-limit of USD 3.5 billion was available for investment by eligible investors in Commercial Paper (CP).
Thus, to encourage long term investors, it has been decided, to reduce, with immediate effect, the existing Commercial Paper sub-limit of USD 3.5 billion by USD 1.5 billion to USD 2 billion. The balance USD 1.5 billion shall, however, continue to be part of the total Corporate debt limit of USD 51 billion and will be available to eligible foreign investors for investment in Corporate debt.
For detailed Circular, please find the link below:
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