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Thursday, November 24, 2011

Buy Tax saving L&T -Long Term Infrastructure Bonds 2011B Series (Tranche-1)




             
L&T Infrastructure Finance Company Ltd-Long Term 
Infrastructure Bonds 2011B Series (Tranche-1)


opens for subscription from 25st Nov, 2011
 
Close on December 24, 2011

L & T Infra Bond - Key Highlights:
1. Investment upto Rs. 20,000 in L&T Infrastructure Bonds – Tranche 1 will be eligible for exemption under section 80CCF of the Income Tax Act, 1961
2. Interest rate under both the options is 
9% per annum. Interest under option 1 will be payable
annually and interest under option 2 will be payable cumulatively (compounded annually)
3. Buyback facility is offered under  the options  
Rs.1,538.62 at the end of 5 years /Rs. 1,828.04 at the end of 7 years
4. Maturity will be at the end of 10 years( Rs 2367.36)
from the Deemed Date of Allotment Maturity 
5. Minimum Investment required in L&T Infra Bond Tranche 1 Issue is Rs. 1,000.
6. Investors will be having an option to hold the Bonds in physical form or demat form.
7. ICRA has assigned (ICRA)AA+ rating and Fitch has assigned Care AA+(ind) rating to the bonds proposed to be issued. These are the highest credit ratings awarded by these rating agencies




SPECIFIC TERMS FOR EACH SERIES OF BONDS



Series
1
Series
2
Frequency
of Interest Payment
Annual Cumulative
BuyBack
Facility
Yes
after 5 & 7 yrs
Yes
after 5 & 7 yrs
Buy
Back Amount
After
5 & 7  yrs 1000
After
5 yrs 1538.62

After 7 yrs  1828.04
Maturity 10
yrs
10
yrs
Maturity
Amt
1000 2367.36
Interest
Rate
 9% 9%




How Much Interest rate in this Bond 
Interest rate under both the options is 9% per annum 



Tax Benefit adjusted rate of returns (pre-tax) to Investors on Buyback (5year) Series 1 for Annual Interest paid  & series 2 for Cumulative 
Series1

2  
Tax Slab - 30.90%19.1%17.4%
Tax Slab - 20.60%15.2%14.2%
Tax Slab - 10.30%11.8%11.4%
Tax Benefit adjusted rate of returns (pre-tax) to Investors on Maturity
Series12
Tax Slab - 30.90%15.2%13.1%
Tax Slab - 20.60%12.8%11.5%
Tax Slab - 10.30%10.7%10.2%
L&T Infrastructure bonds now avialable for new purchase 
 For further information, please contact:
Pune base investor call 800 775 0904 
mail me : rajendra@puneinvest.com 
                bonanza42a@yahoo.in




You might also like this :

IDFC INFRASTRUCTURE BONDS Details --open as on 21 Nov 2011
L&T -Long Term Infrastructure Bonds 2011B Series (Tranche-1)  Open 25 Nov 2011

Infrastructure-bonds-80ccf-2011-12-take additional Tax benefit
Infrastructure-bonds- FAQ


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