New Delhi, Aug. 10 -- To give issuers greater flexibility and ease refinancing pressure, the Securities and Exchange Board of India (Sebi) has proposed raising the limit on debt securities maturing within a single financial year.

In a consultation paper released on Monday, the market regulator proposed increasing the maximum number of International Securities Identification Numbers (ISINs) that can mature annually from 14 to 17 for privately placed debt securities. The proposals are open for public comments until 31 August. An ISIN is a unique 12-digit code used to identify a specific security issue globally.

The move is intended to help companies, especially non-banking financial companies (NBFCs), better manage their cash flows and pr...