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ARTICLE · 10 JANUARY 2025

Liquidity Window Facility For Debt Securities

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SEBI, vide circular dated October 16, 2024, has introduced a new Liquidity Window Facility ("Facility") under Regulation 15 of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 ("NCS Regulations").

IndiaFinance and Banking
Anish Mashruwala
Anish Mashruwala
Pratish Kumar
Pratish Kumar
Madhur Bhatt
Madhur Bhatt
Anmol Narang
Anmol Narang
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SEBI, vide circular dated October 16, 2024, has introduced a new Liquidity Window Facility ("Facility") under Regulation 15 of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 ("NCS Regulations"). It allows investors to sell listed debt securities back to issuers. Issuers will have the option to offer put options to investors that can be exercised on specific dates or intervals, allowing investors to redeem debt securities before their maturity date. Some of the key features of the Facility are as follows:

  1. the Facility can be provided only for prospective issuances of debt securities (held in demat form) through public issue process or on a private placement basis (proposed to be listed);

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