MUMBAI: Future Retail, India’s largest modern retailer, has signed a unique bond deal with Axis Bank, from which it raised Rs 300 crore recently. The company will reward the bank for holding the bond till maturity by paying a higher premium on the principal amount. The company will pay a coupon of 10.10 per cent on the bonds on a quarterly basis. However, the bondholder will receive a premium on the face value of the bonds at the time of maturity, resulting in a higher payout of 10.75 p .. Read more at: http://economictimes.indiatimes.com/articleshow/50275064.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesFuture Retail signs bond deal with Axis Bank
Industry: Banking 2015-12-22
