L & T Infrastructure Finance Company Ltd Coupon 8.45% | Corporate Bond

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

3Y 9M 4Days

Payment Terms

Yearly

Highlights

Credit Rating

CRISIL AAA/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

L & T Infrastructure Finance Company Ltd

L&T Infrastructure Finance Company Limited is an NBFC (Non-Banking Financial Company) having its registered office in Mumbai. The company is into arranging capital raising, advisory services, corporate and project advisory, and strategic advisory services.

It was found in the year 2006.L&T Infrastructure Finance Company Limited is part of L&D Financial Services. It is backed by L&T Finance Holdings.

The number of employees in the company are 117(Source: Annual Report 2020). Dinanath Dubhashi is the Non-Executive Director and Chairman of the company.

Total Annual Revenue

14,548 Cr (FY 2020)

Year of Inception

2006

Industry

Corporate

Head Office

Mumbai

Type of Issuer

Corporate

Current MD/CEO

Shailesh Pathak

Credit Rating / Outlook

AAA STABLE

CRISIL

AAA

IND

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AAA credit rating are considered to have the highest degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry lowest credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

L & T Infrastructure Finance Company Ltd

Security Name

ISIN

Copy

INE691I07EI3

Face Value

₹ 10,00,000

Coupon Rate

8.45%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

17-Feb-2025

Clean Price

₹ 104.7

Dirty Price

Current Yield

Mode of Issue

Private Placement

Date of Issue

28-Jan-2020

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Registrar Details

Looking For More Information ?

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Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: NA

This bond is
currently out of stock

Download Cashflow

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FAQs about L & T Infrastructure Finance Company Ltd bonds

How to buy this L & T Infrastructure Finance Company Ltd bond online?

You can invest in bonds online in under 5 minutes. To buy L & T Infrastructure Finance Company Ltd bond online follow the steps below:

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What is the yield of this L & T Infrastructure Finance Company Ltd bond?

0% is the current yield of this L & T Infrastructure Finance Company Ltd bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this L & T Infrastructure Finance Company Ltd bond is 0%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this L & T Infrastructure Finance Company Ltd bond?

To redeem this L & T Infrastructure Finance Company Ltd bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this L & T Infrastructure Finance Company Ltd bond is generally simple and straightforward. Contact our support team for more information.

Is this L & T Infrastructure Finance Company Ltd bond tax-free?

No, this L & T Infrastructure Finance Company Ltd bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this L & T Infrastructure Finance Company Ltd bond before the maturity date?

Yes, it is possible to sell this L & T Infrastructure Finance Company Ltd bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Highlights

About Issuer

L & T Infrastructure Finance Company Ltd

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this L & T Infrastructure Finance Company Ltd bond online?

What is the yield of this L & T Infrastructure Finance Company Ltd bond?

Is it safe to invest in bonds?

How to redeem this L & T Infrastructure Finance Company Ltd bond?

Is this L & T Infrastructure Finance Company Ltd bond tax-free?

Can I sell this L & T Infrastructure Finance Company Ltd bond before the maturity date?

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