Instrument Details

ISIN: INE235P07316

Face value

₹25,00,000

Coupon rate

8.67%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

20

Instrument Type

Bond

Returns

High

Date of Issue

06 May 2016

Maturity Date

05 Jun 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

L&T INFRA CREDIT LIMITED SR-B OPT 3 8.67 BD 06MY26 FVRS25LAC
L&t Infra Credit Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE235P07316, with a face value of ₹25,00,000 rs on 06May16 to raise 20 crores. The debt instrument is issued with a coupon rate of 8.67% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Bond is 8.67% SECURED REDEEMABEL NON CONVERTIBLE BONDS. SERIES B OF FY 2016-17 OPTION 3. DATE OF MATURITY 06/05/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 20May16. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 03May16. This issuer is formerly known as L&T INFRA DEBT FUND LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹25,00,000
Lot Size
100
Minimum Investment
₹25,00,00,000

Cashflow

₹25,00,00,000
06-May-16 : Your investment
₹2,16,75,000
06-May-17 : Interest
₹2,16,75,000
06-May-18 : Interest
₹2,16,75,000
06-May-19 : Interest
₹2,16,75,000
06-May-20 : Interest
₹2,16,75,000
06-May-21 : Interest
₹2,16,75,000
06-May-22 : Interest
₹2,16,75,000
06-May-23 : Interest
₹2,16,75,000
06-May-24 : Interest
₹2,16,75,000
06-May-25 : Interest
₹2,16,75,000
06-May-26 : Interest
₹46,67,50,000
05-Jun-26 : Maturity amount (Investment: ₹25,00,00,000, Interest earned: ₹21,67,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.67%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE235P07316 issued by L&t Infra Credit Limited

The instrument name of INE235P07316 ISIN is L&T INFRA CREDIT LIMITED SR-B OPT 3 8.67 BD 06MY26 FVRS25LAC.
The interest earned from INE235P07316 bond issued by L&t Infra Credit Limited is paid Annually, ensuring regular and consistent income for investors.
This INE235P07316 bond issued by L&t Infra Credit Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.67%, which determines the periodic interest payments made to bondholders.
The INE235P07316 Bond is issued by L&t Infra Credit Limited, a Private Sector company.