New Issue: India’s Future Consumer issues Rs. 500 million 9.95% three-year debentures

By Angela McDaniels

Tacoma, Wash., Sept. 5 – Future Consumer Ltd. issued Rs. 500 million of 9.95% redeemable secured non-convertible debentures on a private placement basis on Monday, according to a Bombay Stock Exchange notice.

The company will repay 30% of the debentures on March 5, 2019, 30% on Sept. 5, 2019 and the remaining 40% on Sept. 5, 2020.

The company allotted Rs. 350 million to A.K Capital Finance Pvt. Ltd. and Rs. 150 million to A.K Capital Service Ltd.

Future Consumer Enterprise is a sourcing-to-supermarket food company based in Mumbai.

Issuer:	Future Consumer Ltd.
Issue:	Redeemable secured non-convertible debentures
Amount:	Rs. 500 million
Coupon:	9.95%, payable annually
Redemption dates:	March 5, 2019 for 30% of debentures, Sept. 5, 2019 for 30% and Sept. 5, 2020 for remaining 40%
Price:	Par
Purchasers:	A.K Capital Finance Pvt. Ltd. (for Rs. 350 million) and A.K Capital Service Ltd. (for Rs. 150 million)
Allotment date:	Sept. 5

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