Published on 3/17/2017 in the Prospect News Emerging Markets Daily.
New Issue: India’s Future Consumer issues Rs. 500 million 11%, 10.55% debentures
By Wendy Van Sickle
Columbus, Ohio, March 17 – Future Consumer Ltd. issued Rs. 500 million of redeemable secured non-convertible debentures on a private placement basis to A.K Capital Finance Pvt. Ltd. on Thursday, according to a Bombay Stock Exchange notice.
The debentures were issued at par of Rs. 100,000 in two series with 11% and 10.55% coupons, and 30% will be redeemed in 18 months, 30% in 24 months and 40% in 36 months.
Future Consumer Enterprise is a sourcing-to-supermarket food company based in Mumbai.
| Issuer: | Future Consumer Ltd.
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| Issue: | Redeemable secured non-convertible debentures
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| Amount: | Rs. 500 million
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| Coupon: | 11% for series I, 10.55% for series II
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| Redemption dates: | Sept. 16, 2018 for 30%; March 16, 2019 for 30%; and March 16, 2020 for 40%
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| Price: | Par of Rs. 100,000
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| Purchaser: | A.K Capital Finance Pvt. Ltd.
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| Allotment date: | March 16
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