8.30% L&t Infra Credit Limited - AAA Rated (INE235P07555)

L&t Infra Credit Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE235P07555, with a face value of ₹25,00,000 rs on 20Oct16 to raise 130 crores. The debt instrument is issued with a coupon rate of 8.30% 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 Secured Bond is 8.30% SECURED REDEEMABEL NON CONVERTIBLE BONDS. SERIES N OF FY 2016-17. DATE OF MATURITY 20/10/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 28Oct16. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 06Oct16. This issuer is formerly known as L&T INFRA DEBT FUND LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.