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This circular permits SEBI registered Foreign Institutional Investors (FIIs), Qualified Foreign Investors (QFI) and long term investors – Sovereign Wealth Funds (SWF), Multilateral Agencies, Pension/Insurance/ Endowment Funds, foreign Central Banks – to invest in the credit enhanced bonds, as per paragraph 3 and 4 of A.P. (DIR Series) Circular No. 120 dated 26th June, 2013, upto a limit of $5 billion within the overall limit of $51 billion earmarked for corporate debt.
