TERM SHEET –"L & T INFRASTRCUTURE BONDS TRANCHE I" U/S 80 CC F
Issuer Larsen & Turbo Infrastructure Finance Company Limited
Face Value Rs. 1,000
Minimum Application Rs.5000 & in multiple of Rs.1000 there after.
Rating AA+ by CARE & ICRA
Security Exclusive 1st charge on receivables of the company being one time of the
issue size along with mortgage of an immovable property.
Listing BSE
Debenture Trustee Bank of Maharashtra
Depositories National Securities Depository Limited and Central Depository Services
(India) Limited
Registrar Sharepro Services Private Limited
Mode of Payment Electronic Clearing Services , At par cheques & Demand drafts
Issuance Dematerialized form or Physical form* as specified by an Applicant in the
Application Form.
Lock-in Period 5 years from the Deemed Date of Allotment
Trading Dematerialized form only following expiry of the Lock-in Period
Issue Opening Date November 25, 2011
Issue Closing Date December 24, 2011
Maturity Date 10 years from the Deemed Date of Allotment
Buyback Date Date falling 5 /7 years and one day from the Deemed Date of Allotment
Put/Call Option None
SPECIFIC TERMS FOR EACH SERIES OF TRANCHE 1 BONDS
Series | 1 | 2 |
Frequency of Interest payment | Annual | Cumulative |
Face Value per Tranche 1 Bond | Rs. 1,000 | Rs. 1,000 |
Buyback Facility | Yes | Yes |
Buyback Amount |
Rs. 1,000 per Tranche 1 Bond | 1,538.62 at the end of 5 years / 1,828.04 at the end of 7 years |
Buyback Intimation Period | The period commencing from 6 months preceding the relevant Buyback Date and ending 3 months prior to such Buyback Date | The period commencing from 6 months preceding the relevant Buyback Date and ending 3 months prior to such Buyback Date |
Interest Rate | 9% p.a | 9% p.a. compounded annually |
Maturity Amount | Rs. 1,000 per Tranche 1 | Bond Rs. 2,367.36 per Tranche 1 Bond |
Yield on Maturity | 9% | 9% compounded annually |
Yield on Buyback | 9% | 9% compounded annually |
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