Instrument Details

ISIN: INE235P07AK8

Face value

₹2,00,000

Coupon rate

7.95%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

10

Instrument Type

Debenture

Returns

Medium

Date of Issue

25 Nov 2020

Maturity Date

24 Nov 2034

Perpetual

Yes

Listing Status

Unlisted

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

L&T INFRA CREDIT LIMITED SR D FY20-21 STRPP4 7.95 NCD 24NV34 FVRS2LAC
L&t Infra Credit Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE235P07AK8, with a face value of ₹2,00,000 rs on 25Nov20 to raise 10 crores. The debt instrument is issued with a coupon rate of 7.95% 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 Debenture is 7.95% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES D OF FY 2020-21-STRPPs 4. DATE OF MATURITY 24/11/2034. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 27Oct20. This issuer is formerly known as L&T INFRA DEBT FUND LIMITED Neither the Principal nor the Interest is covered for this Debenture. 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
None
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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
₹2,00,000
Lot Size
100
Minimum Investment
₹2,00,00,000

Cashflow

₹2,00,00,000
25-Nov-20 : Your investment
₹15,90,000
25-Nov-21 : Interest
₹15,90,000
25-Nov-22 : Interest
₹15,90,000
25-Nov-23 : Interest
₹15,90,000
25-Nov-24 : Interest
₹15,90,000
25-Nov-25 : Interest
₹15,90,000
25-Nov-26 : Interest
₹15,90,000
25-Nov-27 : Interest
₹15,90,000
25-Nov-28 : Interest
₹15,90,000
25-Nov-29 : Interest
₹15,90,000
25-Nov-30 : Interest
₹15,90,000
25-Nov-31 : Interest
₹15,90,000
25-Nov-32 : Interest
₹15,90,000
25-Nov-33 : Interest
₹15,98,712
24-Nov-34 : Interest
₹4,22,68,712
24-Nov-34 : Maturity amount (Investment: ₹2,00,00,000, Interest earned: ₹2,22,68,712)

Summary

Instrument Attributes

Value

Coupon Rate

7.95%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

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 INE235P07AK8 issued by L&t Infra Credit Limited

The instrument name of INE235P07AK8 ISIN is L&T INFRA CREDIT LIMITED SR D FY20-21 STRPP4 7.95 NCD 24NV34 FVRS2LAC.
The interest earned from INE235P07AK8 bond issued by L&t Infra Credit Limited is paid Annually, ensuring regular and consistent income for investors.
This INE235P07AK8 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 Debenture offers a coupon rate of 7.95%, which determines the periodic interest payments made to bondholders.
The INE235P07AK8 Debenture is issued by L&t Infra Credit Limited, a Private Sector company.