Instrument Details

ISIN: INE452O07054

Face value

₹10,00,000

Coupon rate

8.70%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

350

Instrument Type

Debenture

Returns

High

Date of Issue

09 Nov 2017

Maturity Date

11 Aug 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

D (CRISIL 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 LIFESTYLE FASHIONS LIMITED SR IV 8.70 NCD 08NV24 FVRS10LAC
Future Lifestyle Fashions Limited, a Speciality Retail company, has floated Debenture, having ISIN value as INE452O07054, with a face value of ₹10,00,000 rs on 09Nov17 to raise 350 crores. The debt instrument is issued with a coupon rate of 8.70% 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 8.70% SECURED LISTED RATED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES IV. DATE OF MATURITY 08/11/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given D rating to this Debenture on 17Nov20. This issuer is formerly known as FUTURE VALUE FASHION RETAIL 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 Dec 2021
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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
09-Nov-17 : Your investment
₹87,00,000
09-Nov-18 : Interest
₹87,00,000
09-Nov-19 : Interest
₹87,00,000
09-Nov-20 : Interest
₹87,00,000
09-Nov-21 : Interest
₹87,00,000
09-Nov-22 : Interest
₹87,00,000
09-Nov-23 : Interest
₹66,02,465
11-Aug-24 : Interest
₹15,88,02,465
11-Aug-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹5,88,02,465)

Summary

Instrument Attributes

Value

Coupon Rate

8.70%

Returns

High

Bond Rating

D

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Speciality Retail
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Consumer Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE452O07054 issued by Future Lifestyle Fashions Limited

The instrument name of INE452O07054 ISIN is FUTURE LIFESTYLE FASHIONS LIMITED SR IV 8.70 NCD 08NV24 FVRS10LAC.
The interest earned from INE452O07054 bond issued by Future Lifestyle Fashions Limited is paid Annually, ensuring regular and consistent income for investors.
This INE452O07054 bond issued by Future Lifestyle Fashions Limited has been assigned a credit rating of D by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.7%, which determines the periodic interest payments made to bondholders.
The INE452O07054 Debenture is issued by Future Lifestyle Fashions Limited, a Private Sector company.