Skip to main content

L&T Finance NCD

L&T Finance Limited has come out with Public Issue of Secured Redeemable Non- Convertible Debentures (NCDs) of face value of Rs.1,000 each aggregating to Rs.250 Crs with an option to retain over-subscription upto an additional Rs.250 Crs, aggregating to a total of Rs.500 Crs. The offer period is between 09th February 2010 to 22nd February 2010. The Debenture has been given
Credit Rating - AA+ by CARE and ICRA.

Details of the Isuue:

Face Value per NCD Rs. 1,000.
Minimum Application Size 10 NCDs for Retail category.
101 NCDs for QIB and NII categories.

There are 2 options:
I - Interest payment Semi-annual with a coupon rate of 8.40 % p.a.
II - Interest payment Annual with a coupon rate of 8.50% p.a.
Redemption Date / Maturity Period 36 months from the date of allotment.
The NCDs are to be listed in NSE and BSE.

Considering current bank Fixed Deposit rates of around 7%, this debenture is a better option to park some funds in it.
Labels:

Popular posts from this blog

NSE Trading Holidays 2024

 Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar year 2024 as below: Muhurat Trading:  Timings of Muhurat Trading shall be notified subsequently. 
Read more

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !
Read more