Instrument Details

ISIN: INE623B07958

Face value

₹10,00,000

Coupon rate

10.60%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

250

Instrument Type

Debenture

Returns

High

Date of Issue

03 Jan 2019

Maturity Date

31 Dec 2026

Perpetual

Yes

Listing Status

Unlisted

Rating status

D (CARE Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

FUTURE ENTERPRISES LIMITED SR XXV B 10.60 NCD 31DC26 FVRS10LAC
Future Enterprises Limited, a Trading - Textile Products company, has floated Debenture, having ISIN value as INE623B07958, with a face value of ₹10,00,000 rs on 03Jan19 to raise 250 crores. The debt instrument is issued with a coupon rate of 10.60% 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 10.60% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES XXV- B. DATE OF MATURITY 31/12/2026. 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 31Mar21. 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
21 Jul 2021
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Outlook
-
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Seniority in Repayment
Senior
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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
03-Jan-19 : Your investment
₹1,06,00,000
03-Jan-20 : Interest
₹1,06,00,000
03-Jan-21 : Interest
₹1,06,00,000
03-Jan-22 : Interest
₹1,06,00,000
03-Jan-23 : Interest
₹1,06,00,000
03-Jan-24 : Interest
₹1,06,00,000
03-Jan-25 : Interest
₹1,06,00,000
03-Jan-26 : Interest
₹1,05,70,958
31-Dec-26 : Interest
₹18,47,70,958
31-Dec-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,47,70,958)

Summary

Instrument Attributes

Value

Coupon Rate

10.60%

Returns

High

Bond Rating

D

Seniority in Repayment

Senior

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 INE623B07958 issued by Future Enterprises Limited

The instrument name of INE623B07958 ISIN is FUTURE ENTERPRISES LIMITED SR XXV B 10.60 NCD 31DC26 FVRS10LAC.
The interest earned from INE623B07958 bond issued by Future Enterprises Limited is paid Annually, ensuring regular and consistent income for investors.
This INE623B07958 bond issued by Future Enterprises Limited has been assigned a credit rating of D by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.6%, which determines the periodic interest payments made to bondholders.
The INE623B07958 Debenture is issued by Future Enterprises Limited, a Private Sector company.