31 October 2012

Debt Utilisation Status as on 31 October 2012
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 October 2012
1 Government Debt - Old 10 46,216 45,122 43,639 1,482 1,094
2 Government Debt - Long Term 10 51,291 46,840 28,063 18,777 4,451
3(a) Corporate Debt - Old 20 99,777 94,706 79,316 11,266 5,071
3(b) Debt Oriented Mutual Fund 4,124
3(c) Corporate Debt - Old (QFIs) 1 5,526 - - - 5,526
4(a) QFI Investment in debt mutual fund schemes which invest in infra 3 13,451 - - - 13,451
4(b) Corporate Debt long term infra - 1 year lock in with 15 month residual maturity 12 53,806 27,797 16,549 11,248 26,008
4(c) Investment in IDF 10 44,838 - - - 44,838
5 Upper tier- II 0.5 2,307 - - - 2,307
Total 66.5 3,17,212 2,14,464 1,71,691 42,773 1,02,747

Note: *Auction of INR 1,094 cr. in Government debt old category, INR 4,451 cr. in Government debt long term category, INR 5,071 cr. in Corporate debt old category shall be done on the NSE from 15:30 hrs to 17:30 hrs, on November 20, 2012 as per SEBI circular no. CIR/IMD/FIIC/12/2012 dated April 27, 2012.

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.