FII investment limits in long term infrastructure debt revised with bifurcated lock in, residual maturity and bidding allocation rules. Revises FII investment framework for corporate long term infrastructure debt by creating two categories with distinct residual maturity and lock in requirements: a one year residual/one year lock in category permitting FII inter trading but no sales to domestic investors during lock in, and a three year residual/three year lock in category that includes Infrastructure Debt Fund investments. FIIs may access the three year category without prior approval until a utilisation threshold, after which allocations proceed by competitive bidding; the shorter lock category is to be allocated via a time limited exchange bidding process with per entity caps, minimum bid sizes, and fee remittance deadlines. Embedded put/call dates are treated as maturity for residual maturity reckoning.
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FII investment limits in long term infrastructure debt revised with bifurcated lock in, residual maturity and bidding allocation rules.
Revises FII investment framework for corporate long term infrastructure debt by creating two categories with distinct residual maturity and lock in requirements: a one year residual/one year lock in category permitting FII inter trading but no sales to domestic investors during lock in, and a three year residual/three year lock in category that includes Infrastructure Debt Fund investments. FIIs may access the three year category without prior approval until a utilisation threshold, after which allocations proceed by competitive bidding; the shorter lock category is to be allocated via a time limited exchange bidding process with per entity caps, minimum bid sizes, and fee remittance deadlines. Embedded put/call dates are treated as maturity for residual maturity reckoning.
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