31 January 2013

Debt Utilisation Status as on 31 January 2013
S.No Type of Instrument Upper Cap (in USD bn) Limit (in INR Cr.) Limit acquired by the entity (including investment in INR Cr.) Investment (in INR Cr.) Limit available with the entity (in INR Cr.) Free Limit (in INR Cr.) as on 31 January 2013
1 Government Debt - Old 10 46,216 44,297 42,958 1,339 1,919
2 Government Debt - Long Term 15 78,216 44,257 34,260 9,998 33,959
3(a) Corporate Debt - Old 20 99,777 95,911 82,833 8,606 3,866
3(b) Debt Oriented Mutual Fund 4,472
3(c) Corporate Debt - Old (QFIs) 1 5,526 - 443 - 5,083
4 Corporate Debt - Long Term 5 26,925 - - - 26,925
5(a) QFI Investment in debt mutual fund schemes which invest in infra 3 13,451 - - - 13,451
5(a) Corporate Debt long term infra - 1 year lock in with 15 month residual maturity 12 53,806 - 14,571 - 39,235
5(b) Investment in IDF 10 44,838 - 16 - 44,822
6 Upper tier - II 0.5 2,307 - - - 2,307
Total 76.5 3,71,062 1,84,466 1,79,553 19,943 1,71,566

Note: Auction of INR 1,919 cr. in Government Debt old category, INR 33,959 cr. in Govt Debt long term category, INR 3,866 cr. in Corporate Debt old category and INR 26,925 cr. in Corporate Debt long term category shall be done on the BSE from 15:30 hrs to 17:30 hrs on February 20, 2013 as per SEBI circular no. CIR/IMD/FIIC/12/2012 dated April 27, 2012 and SEBI circular no. CIR/IMD/FIIC/3/2013 dated February 08, 2013

As per circular CIR/IMD/FIIC/22/2012 dated November 07,2012, FII/sub-accounts may avail debt limits in the Corporate Debt Long Term Infra category without obtaining SEBI approval till the overall FII investments reaches 90% of INR 53,806 crore (i.e. INR 48,425 crore), after which the auction mechanism shall be initiated for allocation of remaining limits (INR 5381 crores)

While the government announces the limits on debt investments to FIIs in USD terms, for allocation and monitoring purposes, these limits are converted into INR terms using the RBI reference rate as on the date of the announcements/effective dates.