By Tali Rackner
Norfolk, Va., July 1 – Future Enterprises Ltd. informed the Bombay Stock Exchange that its directors committee approved and allotted Rs. 375 million of 10¼% secured redeemable nonconvertible debentures via private placement.
The 375 debentures will have a face value of Rs. 1 million each.
The debt will be listed on the wholesale debt market segment of the BSE Ltd.
Future Enterprises, formerly Future Retail Ltd., is a multi-format retailer based in Mumbai.
| Issuer: | Future Enterprises Ltd.
|
| Amount: | Rs. 375 million
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Coupon: | 10¼%
|
| Allotment date: | July 1
|
| Rating: | CARE AA-
|
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