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Investment by Foreign Portfolio Investors (FPI) in corporate debt securities

FEMA - 19 - Dated:- 17-11-2016 - RBI/2016-17/138 A.P. (DIR Series) Circular No.19 November 17, 2016 To, All Category - I Authorised Dealer banks Madam / Sir, Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to paragraph .....

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foreign portfolio investors (FPI) are permitted to invest only in listed or to-be-listed debt securities. Investment in unlisted debt securities is permitted only in case of companies in the infrastructure sector. 2. As announced in the Union Budget .....

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bonds issued by public or private companies subject to minimum residual maturity of three years and end use-restriction on investment in real estate business, capital market and purchase of land. The expression Real Estate Business shall have the sam .....

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nce with this condition. (ii) Securitised debt instruments as under: a. any certificate or instrument issued by a special purpose vehicle (SPV) set up for securitisation of asset/s where banks, FIs or NBFCs are originators; and/or b. any certificate .....

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77; 35,000 crore within the extant investment limits prescribed for corporate bond from time to time which currently is ₹ 2,44,323 crore. Further, investment by FPIs in securitised debt instruments shall not be subject to the minimum 3-year res .....

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