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Future Retail averts default; pays $14 million to investors

Updated : August 25, 2020 11:41 AM IST

Future Retail paid $14 million or about Rs 105 crores in interest dues to its coupon holders on Monday for $500 million senior secured notes, sources said.
The company was originally due to make the interest payment on its 5.60 percent 2025 dollar notes on July 22 which it missed.
Future Retail averts default; pays $14 million to investors

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