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<h1>New Liquidity Window for Debt Securities Enhances Corporate Bond Market; Offers Early Redemption Options for Investors. Effective Nov 2024.</h1> The circular introduces a Liquidity Window facility for investors in debt securities through the stock exchange mechanism, aimed at enhancing liquidity in the corporate bond market. Issuers of non-convertible securities can provide this facility using put options on pre-specified dates. The framework is designed to benefit investors, particularly retail investors, by offering redemption options before maturity. The facility is applicable to future debt security issuances and requires issuer discretion, board approval, and adherence to specified conditions. The circular outlines operational guidelines, including eligibility, valuation, and reporting requirements, effective from November 1, 2024.