Larsen And Toubro Limited - AAA Rated (INE018A08AK8)

Larsen And Toubro Limited, a Diversified company, has floated Debenture, having ISIN value as INE018A08AK8, with a face value of ₹10,00,000 rs on 23May13 to raise 100 crores. The debt instrument is issued with a coupon rate of 1.65% IAP (INFLATION ADJUSTED PRINCIPAL) and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Debenture is 1.65%* IAP (INFLATION ADJUSTED PRINCIPAL) UNSECURED NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 23/05/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 03Jun13. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 20May13. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.