New York, Dec. 5 – Future Enterprises Ltd. informed the Bombay Stock Exchange that its directors committee approved and allotted Rs. 350 million of secured redeemable nonconvertible debentures in two tranches via a private placement on Monday.
The placement is made up of Rs. 60 million of 9¾% debentures sold to three investors and Rs. 290 million of 9.8% debentures sold to two investors.
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. 350 million
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Coupon: | 9¾% for Rs. 60 million, 9.8% for Rs. 290 million
|
| Allotment date: | Dec. 5
|
| Ratings: | Smera Ratings Ltd.: AA (SO)
|
| Brick Work Ratings India Pvt. Ltd.: AA (SO)
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
