Instrument Description (Long): |
8.30% (Compounded Annually)Long Term Infrastructure Bonds, in the nature of Secured Non-Convertible Debentures. (2011 A Series - II). Date of Maturity 23/03/2021 |
Instrument Description(short): |
L & T INFRASTRUCTURE FINANCE COMPANY LIMITED 8.3 BD 23MR21 FVRS1000 |
ISIN: |
INE691I07232 |
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Type of Instrument: |
Bonds |
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Face Value (per instrument):: |
1000 |
Whether Secured or Unsecured: |
Secured |
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Coupon Basis: |
Variable-Others |
Whether Guaranteed or Partially Guaranteed: |
Not guaranteed |
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Coupon Rate: |
8.30% |
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Details of Variable Coupon Rate: |
- |
Seniority in Repayment: |
Senior |
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Day Count Convention: |
Actual/actual |
Whether tax free: |
No |
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Mode of Issue: |
Public Issue |
If Tax free - Section of The Income Tax Act,1961: |
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Issue price (per instrument): |
1000 |
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Issue Size (in Crores): |
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Series (if any): |
Infra Bond 2011 A Series 2 |
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Total Allotment Quantity: |
3093073 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
Yes |
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Date of Allotment: |
23-Mar-2011 |
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Tenure of the instrument at the time of Issuance: |
Year
:
10
Months
:
0
Days
:
0
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Frequency of Interest Payment with specified dates: |
ON MATURITY |
Scheduled Opening Date: |
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Put Option with specified dates: |
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Scheduled Closing Date: |
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Call Option with specified dates: |
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Actual Closing Date: |
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Redemption Date/Last Conversion Date: |
23-Mar-2021 |
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Defaulted in Redemption: |
Not Applicable |
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If guaranteed, provide complete details regarding the Guarantee: |
Credit Support Undertaking (CSU) |
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Redemption Premium Details: |
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Step up / Step down coupon basis: |
Step Up |
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Step up / Step down details: |
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Indicate whether Put option will be exercised at Discount/Premium/Par: |
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Put option details: |
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Indicate whether Call option will be exercised at Discount/Premium/Par: |
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Call option details: |
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Whether Debentures/Bonds are perpetual in nature: |
No |
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Indicate whether the instrument is rated: |
Yes |
Type of Convertibility - A: |
Non Convertible |
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Convertibility details: |
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Type of Convertibility - B: |
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Coupon Type: |
Compounding |
Compounding Frequency Details: |
8.30% p.a. compounded annually |
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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 Tamil Nadu. |