By Wendy Van Sickle
Columbus, Ohio, Oct. 13 – Future Enterprises Ltd. informed the Bombay Stock Exchange that its directors committee approved and allotted Rs. 500 million of secured redeemable nonconvertible debentures in two tranches via private placement on Thursday.
The committee allotted Rs. 250 million each of 9¾% debentures and 9.8% debentures.
The 500 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. 500 million
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Coupon: | 9¾% and 9.8%, Rs. 250 million of each
|
| Allotment date: | Oct. 13
|
| Ratings: | SMERA Ratings Ltd. AA (SO)
|
| Brick Work Ratings India Pvt. Ltd. AA
|
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