Gujarati Club News: February 2019

[Gujarati Club] NCD Update : Public Issue L & T Finance Ltd NCD Issue Opens 6th March 2019

Dear All

Please find below Secured NCD details of L&T Finance Ltd. AAA rated by ICRA, CARE, IND

Public Issue Secured Redeemable Non-Convertible Debentures of L & T Finance Limited

THE SPECIFIC TERMS OF EACH OPTION OF NCDs

Series	I	II	III*	IV	V	VI
Frequency of Interest Payment	Annual	NA	Annual	Monthly	Annual	Monthly
Minimum Application	Rs 10,000 (10 NCDs) across all Series
Face Value/ Issue Price of NCDs (Rs/ NCD)	Rs 1,000
In Multiples of thereafter (Rs)	Rs 1,000/- (1 NCD)
Tenor	37 months	37 months	60 months	60 months	120 months	120 months
Coupon (% per annum) for NCD Holders in Category I & II	9.00%	NA	9.10%	8.75%	9.20%	8.84%
Coupon (% per annum) for NCD Holders in Category III & IV	9.10%	NA	9.25%	8.89%	9.35%	8.98%
Effective Yield (% per annum) for NCD Holders in Category I & II	9.00%	9.00%	9.09%	9.10%	9.19%	9.20%
Effective Yield (% per annum) for NCD Holders in Category III & IV	9.10%	9.10%	9.24%	9.25%	9.34%	9.35%
Mode of Interest Payment	Through various mode available
Amount (Rs / NCD) on Maturity for NCD Holders in Category I & II	Rs 1,000	Rs 1,304.93	Rs 1,000	Rs 1,000	RS 1,000	Rs 1,000
Amount (Rs / NCD) on Maturity for NCD Holders in Category III & IV	Rs 1,000	Rs1,308.64	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000
Put and Call Option	NA	NA	NA	NA	NA	NA

*The Company would allot the Series III NCDs, as specified in this Tranche 1 Prospectus to all valid Applications, wherein the Applicants have not indicated their choice of the relevant Series of NCDs.

ALLOCATION RATIO

Institutional Portion	Non-Institutional Portion	High Net Worth Individual Portion	Retail Individual Investor Portion
20% of the Overall Issue Size	20% of the Overall Issue Size	30% of the Overall Issue Size	30% of the Overall Issue Size

Kindly advice further details requied, if any or forms requirement

Best Regards

Nikhil Vadia - 9819755658 / 8850898684

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Posted by: nikhil vadia <nikvadia@yahoo.com>

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