Future Retail misses dollar bond payment again

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By Morgan Davis
25 Jan 2021

India's Future Retail failed to make an interest payment on its dollar bonds last Friday, making it the second time it has missed a coupon on its debut notes as it struggles to overcome Covid-related woes.

The embattled borrower said in a filing on the National Stock Exchange of India on January 22 that it had missed the payment on its dollar notes, but it will use its 30 day grace period to meet its obligations. The retail company blamed the Covid-19 pandemic for ...

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