L&T Infrastructure Finance Company is making a public issue of Long Term Infrastructure Bonds 2011, to finance infrastructure lending.
Issue opens 7th Feb 2011
Issue closes 7th March 2011
The company plans to raise up to Rs 400 crore (base issue Rs. 100 crore), including an option to retain an over subscription of up to Rs 300 crore.
Investment Option :
Series 1: 8.20% annual coupon paying 10 year bond with a buyback option at the end of 5 years and at the end of 7 years.
Series 2: 8.30% cumulative coupon paying 10 year bond with a buyback option at the end of 5 years and at the end of 7 years.
Interest Payment :
Annual, i.e. yearly payment of interest for Series 1.
Cumulative, i.e. cumulative interest payment at the end of maturity or buyback, as applicable for Series 2.
Tax Benefits :
Tax benefits u/s 80 CCF of the Income Tax Act, 1961 – an investor would be entitled to tax deduction in computing the taxable income on investment of upto Rs 20,000/-. This deduction shall be over and above the Rs. 1,00,000/- deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.
Tax benefits would be available only to Resident Individuals (Major) and HUFs.
Listing :
The bond is proposed to be listed on NSE. Redemption is based on subject of Lock in Period.
Credit Rating :
The bonds have been rated as “Care AA+.” by CARE and ‘LAA+’ by ICRA, indicating high safety for timely servicing of debt obligations with high credit quality and low credit risk.
Note : Bonds can be bought either in Physical form or in DMAT form.
Documents needed to buy these bonds :
For Demat Mode : Pan Card Copy only.
For Physical Mode: (All documents are self attested.)
1. Pan Card Copy
2. Address Proof
3. Copy of Cheque or Cancel cheque of the bank account to which the amounts pertaining to payment of
Refunds, interest and redemption as applicable should be credited
To invest in these Bonds you can Contact :
Sudhansh Arora
9999 97 2859
9999 73 2859
Issue opens 7th Feb 2011
Issue closes 7th March 2011
The company plans to raise up to Rs 400 crore (base issue Rs. 100 crore), including an option to retain an over subscription of up to Rs 300 crore.
Investment Option :
Series 1: 8.20% annual coupon paying 10 year bond with a buyback option at the end of 5 years and at the end of 7 years.
Series 2: 8.30% cumulative coupon paying 10 year bond with a buyback option at the end of 5 years and at the end of 7 years.
Interest Payment :
Annual, i.e. yearly payment of interest for Series 1.
Cumulative, i.e. cumulative interest payment at the end of maturity or buyback, as applicable for Series 2.
Tax Benefits :
Tax benefits u/s 80 CCF of the Income Tax Act, 1961 – an investor would be entitled to tax deduction in computing the taxable income on investment of upto Rs 20,000/-. This deduction shall be over and above the Rs. 1,00,000/- deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.
Tax benefits would be available only to Resident Individuals (Major) and HUFs.
Listing :
The bond is proposed to be listed on NSE. Redemption is based on subject of Lock in Period.
Credit Rating :
The bonds have been rated as “Care AA+.” by CARE and ‘LAA+’ by ICRA, indicating high safety for timely servicing of debt obligations with high credit quality and low credit risk.
Note : Bonds can be bought either in Physical form or in DMAT form.
Documents needed to buy these bonds :
For Demat Mode : Pan Card Copy only.
For Physical Mode: (All documents are self attested.)
1. Pan Card Copy
2. Address Proof
3. Copy of Cheque or Cancel cheque of the bank account to which the amounts pertaining to payment of
Refunds, interest and redemption as applicable should be credited
To invest in these Bonds you can Contact :
Sudhansh Arora
9999 97 2859
9999 73 2859
