10.25% Future Enterprises Limited - D Rated (INE623B07792)

Future Enterprises Limited, a Trading - Textile Products company, has floated Debenture, having ISIN value as INE623B07792, with a face value of ₹10,00,000 rs on 29Jun16 to raise 24 crores. The debt instrument is issued with a coupon rate of 10.25% 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 10.25% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES XIV-D. DATE OF MATURITY 31/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given D rating to this Debenture on 24Jun16. 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.