Rationalisation of Debt Limits

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....h 23, 2013 wherein, inter alia, the following measures have been proposed to simplify the framework of FII debt limits : a. Merger of existing debt limits into following two broad categories : i. Government securities of US$ 25 billion ( by merging Government Debt - Old of US$ 10 billion and Government Debt - Long Term of US$ 15 billion). ii. Corporate bonds of US$ 51 bi....

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....circular CIR/IMD/FIIC/3/2013 dated February 08, 2013, the following categories of debt limits shall be merged into a single category named 'Corporate Debt' : a. Corporate Debt - Old for FIIs (US$ 20 billion) b. Corporate Debt - Old for QFIs (US$ 1 billion) c. Corporate Debt - Long Term (US$ 5 billion) d. Corporate Debt Long Term Infra (US$ 12 billion) ....

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.... Total 76 368,755       5. Vide circular CIR/IMD/FIIC/12/2012 dated April 27, 2012, SEBI had indicated that the auction of debt limits would be conducted on 20th of every month (if 20th is holiday, auction shall be done on the next working day), based on availability of free limits at the end of respective previous month. In partial modification of the said ....

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....e limits are available on tap. 7. It is further clarified that for those FIIs which had obtained Debt limits in the debt limit auctions held on February 20, 2013 and on March 20, 2013, the time period for utilization of Corporate Debt limits allocated through the bidding process shall be 60 days , in terms of the SEBI circular CIR/IMD/FIIC/22/2012 dated November 07, 2012. 8. The status of ut....