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FIIs to get flexibility in infra bond investments
October 1, 2011October 1, 2011by In Infrastructure Finance

FIIs to get flexibility in infra bond investments

In a move to stimulate the foreign flows into infrastructure bonds, the Finance Ministry has eased norms for foreign institutional investors (FIIs) for investing in long term infrastru­cture bonds. To lure FIIs, it has reduced lock-up period on such holdings to one year from three years for a five-year bond for overseas institutions investing up to $5 billion in infrastructure bonds.