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Published on 8/24/2015 in the Prospect News Emerging Markets Daily.

India’s Future Retail issues Rs. 2.05 billion of 10¼% debentures

By Wendy Van Sickle

Columbus, Ohio, Aug. 24 – Future Retail Ltd.’s committee of directors approved and allotted Rs. 2.05 billion of 10¼% secured redeemable nonconvertible debentures on Monday, according to a Bombay Stock Exchange notice.

The issue, made up of 2,050 debentures at Rs. 100,000 each, was on a private placement basis.

CARE rates the debentures at AA-.

Future Retail is a multi-format retailer based in Mumbai.


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