Posts tagged: L&T Finance NCD

L&T Finance NCD - Feb 2010

Larsen and Toubro (L&T) Finance Limited has announced the public issue of secured listed redeemable Non Convertible Debentures (2010 A Series).  L&T Finance will issue NCDs aggregating Rs. 250 Crores with an option to retain over-subscription up to Rs. 250 Crores for issuance of additional NCDs, aggregating to a total of up to Rs. 500 Crores. Following are the main details of the issue-

Check Allotment Statusltipo

  • Start Date: 09-Feb-2010
  • End Date: 22-Feb-2010
  • Rate:  Rs. 1,000/-
  • Stock Exchange: NSE, BSE
  • Depository: CDSL and NSDL
  • Ratings: ‘CARE AA+’ by CARE and ‘LAA+’ by ICRA
  • Security: Security will be created for the purpose of this Issue as per the Debenture Trust - cum - Mortgage Deed
  • Trading: In Demat form only
  • Trading Lot: 1 NCD

Option

I

II

Interest Payment

Semi-annual

Annual

Face Value (Rs.)

1,000/-

1,000/-

Coupon Rate

8.40% p.a.

8.50% p.a.

Yield on Redemption

8.58%

8.50%

Tenor

36 months

36 months

Redemption Date / Maturity Period

36 months from the date of allotment

36 months from the date of allotment

Redemption Amount

Face value plus any interest that may have accrued payable on redemption.

Face value plus any interest that may have accrued payable on redemption

Interest on refunds

2.50% p.a.

2.50% p.a.

Interest on application money on which allotments are made

7.00% p.a.

7.00% p.a.

To invest in L & T Finance company NCD, mail at contactus@moneyvriksh.com or visit www.moneyvriksh.com/investnow . To order Forms, email us at given email-id.

Discuss with other investors or tell your opinion on our Investment Discussion Forum

categories Fixed Deposit, New Fund Offer | admin | February 8, 2010 | comments Comments (29)

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L & T Finance Company NCD

UPDATE: The Scheme has been relaunched on 08-Feb-2010. To check the new details, CLICK HERE

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Check Allotment status

L & T Finance company is offering NCD (Non Convertible Debentures) public issue. The issue is open for purchase from 18th August- 4th September, 2009. Investors can get interest yield from 9.85% to 10.50% depending upon the tenure and other variables. The NCD will be listed on National Stock Exchange.

Public Issue of Secured Non Convertible Debentures Offering Summary

Size : Aggregating upto Rs. 500 crs with an option to retain oversubscription upto Rs 500 crs

Investment options: Four options

Credit Rating: “CARE AA+” by CARE and “LAA +” by ICRA

Yield on redemption: 9.85% to 10.50% Per annum

Subscription period: Issue Opening date : 18th August 2009 - Issue Closing date : 4th September 2009

Security: Security will be created for the purpose of this issue as per the Debenture Trust - cum- Mortgage Deed

Listing: The NCDs to be listed on National Stock Exchange (“NSE”)

To invest in L & T Finance company NCD, mail at contactus@moneyvriksh.com or visit www.moneyvriksh.com/investnow

You can also order forms. Just mail your request at given mail ID.

categories IPO, New Fund Offer, Updates | admin | August 20, 2009 | comments Comments (53)

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