India’s Future Retail Processes Dollar Bond Interest Payment
- Company had missed original Jan. 22 deadline for the payment
- Future Retail’s bond and share prices jumped on the news
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Indebted Indian retailer Future Retail Ltd. has processed a dollar bond interest payment originally due Jan. 22. The company’s notes and shares surged on the news.
The interest payment “has been processed at our end,” a Future Group spokesperson said when asked about the issue by Bloomberg News.