The Indian economy is on a robust growth trajectory and the best way to be a part of India’s growth story is to invest in its lifeline – its infrastructure. L&T Infrastructure Finance Company Ltd. has played an important role in financing projects, funded through long term investment instruments for Infrastructure development and construction across the country. L&T Infra  to bring to you, for the second year running, the Long term Infrastructure Bonds. These tax-saving bonds let you invest indirectly on a long term basis, in infrastructure projects across the country and aid in the growth of India. By investing in L&T Infra 2012A Bond Series, investors can save tax u/s. 80CCF and earn an annual interest rate of 8.70%. The 2012A series provides investors buyback options at the end of 5 years and 7 years. In addition to this, 2012A Bond Series provides investors the option of holding the bonds in Physical or Demat form.

Salient Features – Long Term Infrastructure Bonds 2012A Series (Tranche-2):

Issuer L&T Infrastructure Finance Company Limited
Issue of Tranche 2 Bonds Public issue of long term infrastructure bonds of face value of Rs.1,000 each, in the nature of secured, redeemable, non-convertible debentures, for an amount aggregating up to Rs.300 Crores with an option to retain an oversubscription up to the Shelf Limit (including the amount received against the allotment of the Tranche 1 Bonds), to be issued at par on the terms contained in the Shelf Prospectus and the Prospectus – Tranche 2.
Issue opening date Tuesday, January 10, 2012
Issue closing date Saturday, February 11, 2012* (Issue Details)
Basis of Allotment On First Come First Serve Basis.
Rating “(ICRA)AA+” from ICRA and “CARE AA+” from CARE
Tax Benefits The investment up to Rs 20,000 made will be eligible for tax benefits in the year of investment under Section 80 CCF of the Income Tax Act, 1961
Who can apply? Indian nationals resident in India *(Issue Details) and Hindu Undivided Families (HUFs)
Minimum application 5 Bonds of Tranche 2 and in multiples of 1 Bond thereafter (from the same series or different series)
Lock-in period 5 years from the deemed date of allotment
Trading Dematerialized form only following expiry of Lock-in Period
Redemption /Maturity Date 10 years from the Deemed Date of Allotment
Buyback date The first Working Day after the expiry of 5 years or 7years (from the Deemed Date of Allotment) as per the bond series applied for

Specific terms for each series of Tranche 2 Bonds

Series 1 2
Frequency of Interest payment Annual Cumulative
Face value per Tranche 2 Bond Rs. 1,000 Rs. 1,000
Interest Rate 8.70% p.a. 8.70% p.a. compounded annually
Buy-back amount Rs. 1,000/- at the end of 5 years/
Rs. 1,000/- at the end of 7 years
Rs.1,517.57/- at the end of 5 years/
Rs. 1,793.11/- at the end of 7 years
Maturity Date 10 years from the Deemed Date of Allotment 10 years from the Deemed Date of Allotment
Maturity Amount Rs. 1,000/- Rs. 2,303.01/-
Yield on maturity 8.70% 8.70% compounded annually
Yield on Buyback 8.70% 8.70% compounded annually

Source- Inputs from www.ltinfrabond.com

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7 responses to “Section 80CCF – Salient Features of L&T Infra Long Term Infrastructure Bonds 2012A Series”

  1. MANOJ CHOUDHARY says:

    I want to utilize buy back option towards the bonds purchased by me on 07.03.2012.

    Kindly inform the process

  2. Jayant Sahani says:

    Dear sir,I have purchase of tax saving bond in 2010 but I can not recive the bond.so please help me how can I recive the maturity amount

  3. Fine Shine India says:

    Now the time is came to invest in TAX FREE BONDS and TAX REBATE BONDS it is so easy like a cheque depositing in the bank, for more detail and support you can contact me at Mob.9716300093, 9716300094, 931109958 email: fineshineindia@gmail.com, aksingh3867@gmail.com

                           8.22% & 8.35% for 10 & 15 yrs with Annual and Cumulative Option                                

    Now You can SAVE tax 6,180/- u/s 80ccf (on above Rs. 1 Lac) and EARN 9% interest.  (both) by Investment of Rs.20,000/- only in Infra Structure Bond.
    8.93% & 9.15% for 10 & 15 yrs with Annual and Cumulative Option

    Additional tax benefits to Individual & HUF – U/S 80CCF upto Rs. 20,000/-

    This is over and above Rs. 1 lakh U/S 80C, 80CCC, 80CCD of IT Act.

    For Doorstep services contact undersigned.  
    — 
    Regards…
    A. K. Singh
    9311099558
    9716300094
    9716300093
    fine_shine_india@yahoo.in
    aksingh3867@gmail.com

  4. Fine Shine India says:

    Now You can SAVE INCOME TAX Rs.6180 U/s 80ccf (Above 1 lacs) and also EARN 9% Interest on investment of Rs 20000. 
    8.93% & 9.15% for 10 & 15 yrs with Annual and Cumulative Option

    Additional tax benefits to Individual & HUF – U/S 80CCF upto Rs. 20,000/-

    This is over and above Rs. 1 lakh U/S 80C, 80CCC, 80CCD of IT Act.

    For Door Step services Cont. undersigned.

    9716300093
    9716300094
    9311099558
    fineshineindia@gmail.com
    fine_shine_india@yahoo.in

  5. A.K.Goyal says:

    I want invest in your”s where I contect in Satna(M.P.) District. Thanks.

  6. pankaj mathur says:

    i like it

  7. Amit Surpuriya says:

    For Application of Infrastructure Bonds – Contact – Amit Surpuriya – 9850873688 – Pune

    KSHITIJ FINANCIAL SERVICES
    Mutual Funds | Infrastructure Bonds | 54EC Capital Gain Bonds | Debentures | Company Fixed Deposits | Medi Claim Policy

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