Save Tax upto Rs 6,180 - L&T Infra Tax Saving Bonds (Offer Closes 02 November): Sharekhan

L & T Infrastructure Finance Company Limited

Issue Highlights:

Bonds offer an additional window of Tax deduction of investments of up to Rs 20,000 which result in attractive yield to investors.
The deduction is over and above the Rs 1,00,000 deduction available under section 80C, 80CCC & 80CCD read with section 80CCE
The bonds will be issued in either Demat form or physical form at the option of bondholders
Investor can mortgage or pledged these bonds to avail longs after the lock-in period.

Issue Summary:
Issue Opens: October 15, 2010
Issue Closes: November 02, 2010
Registrar: Sharepro Services (India) Pvt. Ltd.
Debenture Trustees: Bank of Maharashtra
Credit Ratings:
Series 1 2 3 4
Face Value per Bond Rs 1000
Interest / Coupon Rate 7.75% p.a. 7.75% p.a. compounded annually 7.50% p.a. 7.50% p.a. compounded annually
Frequency of Interest Payment Annual Cumulative Annual Cumulative
Minimum Application 5 bonds, Applicant may choose to apply for five (5) Bonds of the same series or five (5) Bonds across different series.
Time of Maturity 10 Years
Time of Buyback 7 Years 7 Years 5 Years 5 Years
Maturity Amount 1000 2110 1000 2061
Buyback Amount 1000 1687 1000 1436
Tax Rate Yield to the Investors on Maturity (with Tax Benefits u/s 80CCF)
10.30% 9.38% 8.93% 9.11% 8.67%
20.60% 11.29% 10.26% 11.00% 10.01%
30.90% 13.58% 11.81% 13.25% 11.55%
Tax Rate Yield to the Investors on Maturity (with Tax Benefits u/s 80CCF)
10.30% 9.86% 9.44% 10.23% 9.86%
20.60% 12.31% 11.36% 13.42% 12.58%
30.90% 15.23% 13.59% 17.20% 15.75%


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