Instrument Details

ISIN: INE623B07651

Face value

₹10,00,000

Coupon rate

9.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

59

Instrument Type

Debenture

Returns

High

Date of Issue

12 Mar 2018

Maturity Date

03 Dec 2025

Perpetual

Yes

Listing Status

Listed

Rating status

D (Acuite Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

FUTURE ENTERPRISES LIMITED SR-XX-B 9.5 NCD 12MR25 FVRS10LACLOAUPTO07JU18
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.

Rating (Debt Quality)

Instrument Rating
D
Default or Expect to Default
D
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Date Verified
30 Oct 2023
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Outlook
No Outlook
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
12-Mar-18 : Your investment
₹95,00,000
12-Mar-19 : Interest
₹95,00,000
12-Mar-20 : Interest
₹95,00,000
12-Mar-21 : Interest
₹95,00,000
12-Mar-22 : Interest
₹95,00,000
12-Mar-23 : Interest
₹95,00,000
12-Mar-24 : Interest
₹95,00,000
12-Mar-25 : Interest
₹69,75,342
03-Dec-25 : Interest
₹17,34,75,342
03-Dec-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,34,75,342)

Summary

Instrument Attributes

Value

Coupon Rate

9.50%

Returns

High

Bond Rating

D

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Trading - Textile Products
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Textiles
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE623B07651 issued by Future Enterprises Limited

The instrument name of INE623B07651 ISIN is FUTURE ENTERPRISES LIMITED SR-XX-B 9.5 NCD 12MR25 FVRS10LACLOAUPTO07JU18.
The interest earned from INE623B07651 bond issued by Future Enterprises Limited is paid Annually, ensuring regular and consistent income for investors.
This INE623B07651 bond issued by Future Enterprises Limited has been assigned a credit rating of D by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.5%, which determines the periodic interest payments made to bondholders.
The INE623B07651 Debenture is issued by Future Enterprises Limited, a Private Sector company.