9.50% Future Enterprises Limited - D Rated (INE623B07651)

Future Enterprises Limited, a Trading - Textile Products company, has floated Debenture, having ISIN value as INE623B07651, with a face value of ₹10,00,000 rs on 12Mar18 to raise 59 crores. The debt instrument is issued with a coupon rate of 9.50% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 9.50% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE TAXABLE DEBENTURE. SERIES XX-B. LETTER OF ALLOTMENT. DATE OF MATURITY 12/03/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 21Mar18. Acuite Ratings And Research Limited has given D rating to this Debenture on 09Mar18. This issuer is formerly known as FUTURE RETAIL LIMITED, PANTALOON RETAIL (INDIA) LIMITED, PANTALOON FASHIONS (INDIA) LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.