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ISSUE STRUCTURE
OFFERING Public Issue by L&T Infrastructure Finance Company Limited (Company or Issuer or L&T Infra) of Long Term Infrastructure Bonds of face value of Rs. 1,000 Each, in the nature of secured, redeemable, non-convertible debentures, having benefits under section 80 CCF of the Income Tax Act, 1961 (the Bonds), not exceeding Rs. 11,000.00 million for the financial year 2011-12 (the Shelf Limit). The Bonds will be issued in one or more tranches subject to the Shelf Limit for the financial year 2011-12. L&T Infrastructure Finance Company Limited In Dematerialized or Physical form Rs.1,000/- per Bond Rs.5,000/- (5 Bonds in multiples of 1 Bond thereafter) 10 Years from the Date of Allotment
LOCK IN
CREDIT RATING ELIGIBLE INVESTORS TRADING LISTING
Tax deduction of Rs.20,000 u/s 80CCF over and above the limit of Rs.1,00,000 u/s 80C
OPTIONS
FREQUENCY OF INTEREST PAYMENT
I
Annual i.e. yearly payment of Interest
II
Cumulative ,i.e. cumulative interest payment at the end of maturity or buyback , as applicable Rs. 1,000/Rs.5000/- & in multiples of Rs.1000 thereafter 8.70% p.a. compounded annually 10 years from the Deemed Date of Allotment Rs 2,303.31/- Bond Yes Rs 1,517.57 at the end of 5 years / Rs 1,793.11 at the end of 7 years
FACE VALUE (Rs./Bond) MINIMUM APPLICATION INTEREST RATE MATURITY DATE MATURITY AMOUNT PER BOND BUYBACK OPTION BUYBACK AMOUNT BUYBACK DATES BUYBACK INTIMATION PERIOD YIELD ON MATURITY YIELD ON BUYBACK
Rs. 1,000/Rs.5000/- & in multiples of Rs.1000 thereafter 8.70% p.a. 10 years from the Deemed Date of Allotment Rs 1,000/- Bond Yes Rs 1,000
The 1st working day after the expiry of 5 Yrs/ 7 Yrs from the Deemed Date of Allotment The period commencing from 6 months preceding the relevant Buyback Date and ending 3 months prior to such Buyback Date 8.70% p.a. 8.70% p.a. 8.70% p.a. compounded annually 8.70% p.a. compounded annually
A client can avail deduction u/s 80CCF by investing upto Rs 20,000 in Infrastructure Bond over an above of Rs 1,00,000 u/s 80C.
After lock-in period investor may exit either through the secondary market or through a buyback facility. NCDs will be listed on BSE for trading. Trading will commence post completion of the lock in period Collection Bankers to the issue are Axis Bank, City Union Bank, HDFC Bank, ICICI Bank, IDBI Bank, State Bank of India . Cheques has to be made in the favor of L&T Infra Bonds 2012A
Disclaimer
This document has been prepared for your information only. In rendering this information, we assumed and relied upon, without independent verification, the accuracy and completeness of all information that was publicly available to us. The information has been obtained from the sources we believe to be reliable as to the accuracy or completeness. This should not be construed as an offer to sell or buy the securities and the information contained herein is meant for the recipient only and is not for public distribution. This information is given in good faith and we make no representations or warranties, express or implied as to the accuracy or completeness of the information and shall have no liability to you or your representatives resulting from use of this information. We shall not be liable for any direct or indirect losses arising from the use thereof and accept no responsibility for statements made otherwise issued or any other source of information received by you and you would be doing so at your own risk. The investment as mentioned in the document may not be suitable for all investors. Investors may take their own decisions based on their specific investment objectives and financial position and using such independent advisors, as they believe necessary. Investments in Company NCD are subject to the credit risk of the company having the ability to repay the principal and interest on the deposits on maturity. For Risk Factor please refer to prospectus issued by company dated 03rd January 2012.
Thank You
Published in FY 2012. Angel Broking 2011-12 Angel Broking All rights reserved. Corporate Office: 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai 400 093, India Tel.: +(91) 022 3935 7600 The information given herein or in the accompanying material is intended only to be general information relating to the organization, structure, functions, areas of business, potential and scope of Angel Group of companies, which expression may as the context requires include the holding company, subsidiary companies and their affiliates, or any or all of them, variously referred to as Angel Broking, Angel Group, Angel or the Group or the Company and while every effort has been made to ensure the accuracy and completeness of the information given, neither the group companies, nor any of their Directors, Members, employees, servants or agents make any guarantee or assume any liability for any errors or omissions in the information furnished. It is further made clear that nothing stated or anything omitted to be stated in this document can constitute a ground for any claim, demand or cause of action against the company or any of its Directors, Members, employees, servants or agents.