[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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