Foreign holding in India's indexed bonds crosses 5% of issuance
Foreign investors now own 2.21 trillion rupees ($26.33 bln) of Indian govt bonds under Fully Accessible Route, majority of which are part of JPMorgan's emerging market index
Ownership of such bonds rises to 5.3% of outstanding issuance, CCIL data shows
Largest ownership, at 11.8% of total issuance, remains in former benchmark 7.18% 2033 paper IN071833G=CC
"Since this note has highest weightage in the index and was also most liquid when most of the front-running flows were coming in, ownership will continue to remain high," trader with a foreign bank says
Inflows worth 1.26 trillion rupees have taken place after inclusion announcement in September, of which 357 billion rupees of buying happened after actual inclusion on June 28
($1 = 83.9450 Indian rupees)
Reporting by Dharamraj Dhutia
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