Small firms can access bond markets Centre has proposed new entry rules in the corporate bond market by relaxing the definition of listed companies The Centre has proposed new entry rules in the corporate bond market by relaxing the definition of listed companies, which will ease the compliance burden on the smaller companies. Both the Centre and the regulators are taking various measures to push corporate bond issues because of the limited funding sources of the private sector. India’s corporate debt market has been growing over the past few years in terms of the number of issues, but the market remains undeveloped accounting for just four per cent of the country’s gross domestic product. The investor base is limited and the liquidity of bonds that are not top rated is inadequate.