9.60% Future Enterprises Limited - D Rated (INE623B07818)

Future Enterprises Limited, a Trading - Textile Products company, has floated Debenture, having ISIN value as INE623B07818, with a face value of ₹10,00,000 rs on 16Feb17 to raise 106 crores. The debt instrument is issued with a coupon rate of 9.60% and its interest is paid Semi 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 9.60% SECURED REDEEMABLE NON-CONVERTIBLE TAXABLE DEBENTURE. SERIES XVI-A. 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 16Feb17. 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.