Future Retail lenders give nod to debt recast plan

The resolution plan also includes the restructuring of Future Retail’s non-convertible debentures (NCDs) that are listed on bourses. However, NCDs issued to certain trusts and US bonds, carrying an annual interest of 5.6% and maturing in 2025, will not be part of the resolution plan, Future Retail said.

from Stocks-Markets-Economic Times https://ift.tt/32ogyZ1