Govt to sell unused foreign debt limit on June 20

The government will sell the unused foreign debt limit in government and corporate bonds to overseas investors on June 20, stock market regulator Sebi informed custodian banks on Wednesday, a source told Reuters.

The unused limits in government bonds to be auctioned under the no-residual maturity restriction category is Rs 1,464 crore, and under residual maturity of over 5 years is Rs 3,837 crore, the Securities Exchange Board of India (Sebi) told banks.

Under corporate bonds with no residual maturity or sector restriction, the unused limit to be sold is Rs 1,599 crore and under corporate bonds long-term infrastructure category the amount to be sold is Rs 7,802 crore.