FII & Custodian Division
Investment Management Department Email: chanda@sebi.gov.in Website: www.sebi.gov.in Fax No. 91 22 22870095
To All Foreign Institutional Investors, and Custodians of Securities Dear Sir / Madam, Sub: FII Investment in Debt Securities Vide our Circular No. IMD/CUST/ 14 /2004 dated March 19, 2004, we had informed the continuation of cap of US $1 billion for investment by 100% debt FIIs in debt securities and investment under the 70:30 route in dated Government securities and treasury bills for the year 2003-04. The Government of India has since raised the cumulative debt investment limit for the FIIs/Sub-Accounts from US $1 billion to US $1.75 billion. In view of the above, the following shall be applicable with immediate effect:
A copy of this circular is available at the web page "F.I.I." on our website www.sebi.gov.in . The custodians are requested to bring the contents of this circular to the notice of their FII clients.
Yours faithfully, sd- D.Chanda Chief General Manager
November 02, 2004
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