Future Retail (FRL) has successfully priced a $500 million Fixed Rate Senior Secured 144A/Reg S Bond for a 5-year (non-call 3-year) tenor at 5.60%. Interest payment dates are January 22 and July 22 of each year, commencing on July 22, 2020. FRL's debut bond transaction also marks the first international bond deal from the retail & consumer sector space in India.
The Company intends to use all of the proceeds to meet the capital expenditure for the acquisition of certain in -store retail infrastructure assets from Future Enterprises. The Notes will be listed on the Singapore Exchange Securities Trading (SGX- ST).
Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.
Company Name | CMP |
---|---|
Avenue Supermarts | 3443.80 |
Aditya Birla Fashion | 281.70 |
Trent | 6991.50 |
Vishal Mega Mart | 102.01 |
Electronics Mart Ind | 163.75 |
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