Infrastructure Bonds 2011

Wednesday, February 9, 2011 | comments

Friends,  L&T has issued Long-term Infrastructure Bonds named L&T Infra Bonds.  Two options are available in it.  Some detail regarding investment in L&T Infrastructure Finance Company Limited- Long Term Infrastructure Bonds 2011A Series are given as under :-
Invest more than Rs. 1,00,000 (one Lac) and Save Your Income Tax according to your Tax Slab
  
INVESTMENT DETAILS


Series
1
2
Frequency of Interest
Annual, i.e. yearly payment of interest
Cumulative i.e. cumulative interest payment at the end of maturity or buyback as applicable
Face Value and Issue Price (Rs./bond )(A)
1000
1000
Minimum Application
Five (5) Bonds. For the purpose of fulfilling the requirement of minimum subscription of five (5) Bonds, at Applicant may choose to apply for five (5) Bonds of the same series or five (5) Bonds across different series
Buyback Facility
Yes
Yes
Buyback Date
First Working Day after 5 years from the Date of Allotment and first working day after 7 years from the date of Allotment
First Working Day after 5 years from the Date of Allotment and first working day after 7 years from the date of Allotment
Interest Rate
8.20% p.a.
8.30% p.a. compounded annually
Maturity Date
10 years from the Date of Allotment
10 years from the  Date of Allotment
Maturity Amount (Rs./Bond)
1000
2220
Buyback Amount(Rs./Bond)
1000 at the end of 5 years/ 1000 at the and of 7 years
1490 at the end of 5 years/ 1748 at the and of 7 years
Buyback Intimation Period
The period commencing from 6 months preceding the corresponding Buyback Date and ending 3 months prior to the corresponding Buyback Date
Yield of the Bond on Maturity
8.20% p.a.
8.30% p.a. compounded annually
Yield of the Bond on Buyback
8.20% p.a.
8.30% p.a. compounded annually
Issue Opens On : Monday, February 7, 2011
Issue Closes On : Monday, March 7, 2011

Requirement of Documents: -
  1. Photocopy of PAN Card, self attested.
  2. Proof of Address, self attested.
  3. Multicity Cheqeue for Investment.
  4. One cancelled cheque in case if option to hold the Bonds in Physical Form. 

Toll Free Number  :- 1800 102 2131 or +91 22 4060 5444
Email at : -savetax@ltinfra.com
Website : www.ltinfrabond.com

Download Application Form (Click Here)

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