L&T Finance Bonds

by Shabbir Bhimani on August 18, 2009

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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{ 20 comments… read them below or add one }

saurav August 21, 2009 at 11:53 pm

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?

Reply

jitendra singh October 14, 2010 at 8:48 pm

absolutely no risk be assured

Reply

Shabbir Bhimani August 22, 2009 at 9:16 am

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.

Reply

saurav August 22, 2009 at 4:38 pm

can I buy this bond online, without any paper work? My dmat account is with Motilal oswal.

Reply

Shabbir Bhimani August 22, 2009 at 6:57 pm

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.

Reply

Jigar Shah September 3, 2009 at 1:17 pm

Are L & T bonds Tax Saving bonds?

Reply

jitendra singh October 14, 2010 at 8:53 pm

yes they r tax saving bonds and one can save 20000 in these over and above 1 lac

Reply

Shabbir Bhimani September 3, 2009 at 2:12 pm

No they are not Tax Saving Bonds.

Reply

jitendra singh October 14, 2010 at 8:46 pm

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

Reply

abhijit rajkhowa September 11, 2009 at 10:57 am

has the alloment been done yet??..

Reply

Shabbir Bhimani September 11, 2009 at 1:51 pm

Does not look like.

Reply

Mitul September 30, 2009 at 10:02 pm

can i buy l and t finance bond online now.

Reply

Shabbir Bhimani September 30, 2009 at 11:12 pm

I am not sure you would be able to buy now.

Reply

K Malathi October 18, 2009 at 1:47 pm

I wanted to know that is there any bond less than or equal to three years and what is the rate of interest

Reply

paresh January 1, 2010 at 9:48 am

Hi,
can i avail redemption/sell in case of emergencies before redemption period(120 months) ?

Reply

Manoj February 16, 2010 at 8:27 pm

Shabir your ebook i downloaded, but the book is not reflecting….. could you sent me the ebook to my site hicu@ymail.com

Reply

Shabbir Bhimani February 17, 2010 at 8:27 am

What do you mean by not reflecting.

Reply

inder March 23, 2010 at 1:18 pm

Heighest NAV in 7 year plan, Is L&T is offering?. How are these better than oher plan

Reply

Harish October 20, 2010 at 4:05 pm

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

Reply

Shabbir Bhimani October 20, 2010 at 9:57 pm

There is not much to pick between the two and so I will suggest got for 50-50 in both

Reply

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