Wednesday, June 15, 2016

FPI investments in unlisted debt securities

The Reserve Bank of India (RBI) placed a draft circular on its website in regard to foreign portfolio investments in unlisted corporate debt securities and securities debt instruments. According to the draft, FPIs can invest in any certificate or instrument issued by a special purpose vehicle (SPV) set up for securitisation of assets where banks, FIs or NBFCs are originators. FPIs can also invest in any certificate or instrument issued and listed in terms of the SEBI regulations on public offer.

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