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Sunday, January 15, 2012

L&T Infrastructure Finance Company has issued Tranche 2 bonds through a public issue of Long Term Infrastructure Bonds with a Face Value of Rs 1,000 each in the nature of secured, redeemable, non-convertible debentures having benefits under Section 80CCF of the Income Tax Act, 1961

The Tranche 2 Bond Issue has opened from January 10, 2012, and will close on February 11, 2012, or earlier, as may be decided by the board of the company

Following are the salient features of the bonds:

L&T Infrastructure Finance Bonds (Tranche - 2) Details:
Eligibility: Resident Indian Individuals and HUFs
Application Size: The lots for application would be 5 Bonds and in multiples of 1 Bond thereafter.
Face Value: Rs.1,000/- per bond
Form: Demat / Physical Form. However, trading will be allowed only in Demat form after lock-in period
Ratings: 'CARE AA+' by CARE and '[ICRA] AA+' by ICRA

The tranche 2 bonds will carry an interest rate of 8.70% per annum payable annually or compounded annually


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