L & T Infrastructure Bonds 2012

L&T Infra is proud to bring to you, for the second year running, the Long term Infrastructure Bonds. These tax-saving bonds let you invest indirectly on a long term basis, in infrastructure projects across the country and aid in the growth of India. By investing in L&T Infra 2012A Bond Series, investors can save tax and earn an annual interest rate of 8.70%. The 2012A series provides investors buyback options at the end of 5 years and 7 years. In addition to this, 2012A Bond Series provides investors the option of holding the bonds in Physical or Demat form.

Issue opens: January 10, 2012

Issue closes: February 11, 2012

Issue Structure: 

Maturity Period : The Bonds, with a maturity of ten years, will be issued in two series.
Series-1:  Annual option with 8.70%, payable annually; with a buyback option after 5 or 7 years#
Series-2: Cumulative option with 8.70%, compounded annually; with a buyback option after 5 or 7 years#

#: after expiry of lock in

Website: http://www.ltinfrabond.com/

Series	1	2
Face Value	Rs 1000 per bond	Rs 1000 per bond
Minimum number of bonds per application	Minimum Five + Multiples of One	Minimum Five + Multiples of One
Interest payment	Annual	Cumulative
Interest Rate	8.70% p.a.	8.70% p.a.
Maturity Amount per Bond	Rs 1,000	Rs 2,303.01
Maturity	10 years from the deemed date of allotment	10 years from the deemed date of allotment
Yield on Maturity	8.70%	8.70% compounded annually
Buyback Facility	Yes	Yes
Yield on Buyback	8.70%	8.70% compounded annually
Buyback Date	Date following 5 years and one day/7 years and one day from the deemed date of allotment	Date following 5 years and one day/7 years and one day from the deemed date of allotment
Buyback Amount	Rs 1,000 per bond at end of 5 years / Rs 1,000 per bond at end of 7 years	Rs 1,517.57 per bond at end of 5 years / Rs 1,793.11 per bond at end of 7 years
Buyback Intimation Period	The period beginning not before six months prior to the buyback date and ending not later than three months prior to the buyback date	The period beginning not before six months prior to the buyback date and ending not later than three months prior to the buyback date

[Source:  http://www.ltinfrabond.com/ ]