L&T Finance Bonds
L&T Finance is selling Rs 1,000 crore bonds. L&T Finance is fully owned unit of Larsen and Toubro (L&T), and have plans to raise up to Rs 1,000 crore via a retail bond sale that opens on Tuesday 18th August 2009 and would remain open till 4th September 2009.
Minimum investment amount is Rs 10,000/- and the rates for the investment options are as follows.
| Details | Tenure | Yield Rate (%) |
|---|---|---|
| Quarterly Interest Payment | 60 months | 9.85% |
| Semi Annual Interest Payment | 60 months | 9.85% |
| Cumulative Interest Payment | 88 months | 9.95% |
| Semi Annual Interest Payment | 120 months | 10.50% |
Rates of the bonds are slightly on the lower side compared to other recent bonds but that is acceptable due to the strong reputation of its parent holding company L&T. The bonds are rated “AA-plus” by Credit Analysis and Research Ltd (CARE) and “LAA-plus” by Icra Ltd, indicating high credit quality.
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Is there any risk in buying this bond from L&T? Are they bound to give the return the give commitment to the bond holder?
absolutely no risk be assured
As such there is no risk when it comes to return on investment but say if company goes bankrupt then you may loose the money but chances of that is pretty pretty low.
can I buy this bond online, without any paper work? My dmat account is with Motilal oswal.
Motilal Oswal have 2 kind of accounts. Online and offline and I have an offline account with them and I know with offline account you cannot buy online and so you need to ask them what is your account type.
Are L & T bonds Tax Saving bonds?
yes they r tax saving bonds and one can save 20000 in these over and above 1 lac
No they are not Tax Saving Bonds.
they r very much tax saving bonds over and above 1 lac that can be saved in 80ccc, one can save another 20000 in these
has the alloment been done yet??..
Does not look like.
can i buy l and t finance bond online now.
I am not sure you would be able to buy now.
I wanted to know that is there any bond less than or equal to three years and what is the rate of interest
Hi,
can i avail redemption/sell in case of emergencies before redemption period(120 months) ?
Shabir your ebook i downloaded, but the book is not reflecting….. could you sent me the ebook to my site hicu@ymail.com
What do you mean by not reflecting.
Heighest NAV in 7 year plan, Is L&T is offering?. How are these better than oher plan
i would like to the which one is good to invest either SBI Tax saving bond or L & T tax saving box…I want to invest for 10 year.. only for tax saving purpose..
Thanks
Harish Gadhvi
9925030855
There is not much to pick between the two and so I will suggest got for 50-50 in both