BSE to auction government bonds worth Rs 4,176 crore today

The Bombay Stock Exchange (BSE), the country's largest bourse, will on Wednesday auction government debt securities worth Rs 4,176 crore for overseas investors.

The auction would be conducted for overseas investors at the ebidXchange platform of the BSE for government debt securities, as per information provided by the bourse.

"...Live bidding session for allocation of debt investment limits for FII (Foreign Institutional Investors)and Sub-accounts shall be conducted on Wednesday, October 1, 2014 on exchange's 'ebidxchange'," BSE said in a circular issued on Tuesday.

The debt auction quotas give overseas investors the right to invest in debt up to the limit purchased.

The auction will begin at 3:30 pm and will close at 5:30 pm. A mock bidding session would be conducted on Tuesday to check the system performance.

In the auction conducted by National Stock Exchange (NSE) earlier this month, government bonds had attracted bids worth Rs 4,963 crore, against such securities valued Rs 3,117 crore on offer.

Foreign investors have invested a net amount of over Rs 1.2 lakh crore in debt market so far in 2014. Equity market has also seen similar trends with overseas fund inflow of over Rs 83,000 crore since the beginning of the year.