Instrument Description (Long): |
7.75% (Cumulative Compounded annually) Secured Non-Convertible Long term infrastructure bonds in the nature of Secured Redeemable Non Convertible Debenture.. Series- 2. Date of Maturity 02/12/2020. |
Instrument Description(short): |
L & T INFRASTRUCTURE FINANCE COMPANY LIMITED SR-2 7.75 BD 02DC20 FVRS1000 |
ISIN: |
INE691I07174 |
|
Type of Instrument: |
Bonds |
|
Face Value (per instrument):: |
1000 |
Whether Secured or Unsecured: |
Secured |
|
Coupon Basis: |
Variable-Others |
Whether Guaranteed or Partially Guaranteed: |
Not guaranteed |
|
Coupon Rate: |
7.75% p.a. (Cumulative Compounded annually) |
|
|
|
Details of Variable Coupon Rate: |
- |
Seniority in Repayment: |
Senior |
|
Day Count Convention: |
Actual/actual |
Whether tax free: |
No |
|
Mode of Issue: |
Public Issue |
If Tax free - Section of The Income Tax Act,1961: |
|
|
Issue price (per instrument): |
1000 |
|
|
Issue Size (in Crores): |
|
Series (if any): |
Public Bond 2010A - Series 2 |
|
Total Allotment Quantity: |
471717 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
Yes |
|
Date of Allotment: |
02-Dec-2010 |
|
|
Tenure of the instrument at the time of Issuance: |
Year
:
10
Months
:
0
Days
:
0
|
|
|
Frequency of Interest Payment with specified dates: |
Cumulative Compounded Annually & payable on maturity i.e.02/12/2020 or buy back whichever is earlier |
Scheduled Opening Date: |
15-Oct-2010 |
|
Put Option with specified dates: |
|
Scheduled Closing Date: |
02-Nov-2010 |
|
Call Option with specified dates: |
|
Actual Closing Date: |
02-Nov-2010 |
|
Redemption Date/Last Conversion Date: |
02-Dec-2020 |
|
|
|
Defaulted in Redemption: |
Not Applicable |
|
|
|
If guaranteed, provide complete details regarding the Guarantee: |
Credit Support Undertaking (CSU) |
|
Redemption Premium Details: |
|
Step up / Step down coupon basis: |
Step Up |
|
Step up / Step down details: |
|
Indicate whether Put option will be exercised at Discount/Premium/Par: |
|
|
Put option details: |
|
Indicate whether Call option will be exercised at Discount/Premium/Par: |
|
|
Call option details: |
|
Whether Debentures/Bonds are perpetual in nature: |
No |
|
Indicate whether the instrument is rated: |
Yes |
Type of Convertibility - A: |
Non Convertible |
|
Convertibility details: |
|
Type of Convertibility - B: |
|
|
Coupon Type: |
Compounding |
Compounding Frequency Details: |
7.75% p.a. compounded annually |
|
If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: |
Exclusive first charge on specific receivables of the Company with an asset cover of 1 time of the total outstanding amount of Bonds, as may be agreedbetween the Company and the Trustees for the Debenture holders and first pari-passu mortgage/charge on the leasehold rights on 300 sq.ft. undivided share of vacant land situated at Commander-in-Chief Road, Egmore, Chennai in the State of Tamilnadu. |