L&T Finance Ltd. NCD

L&T Finance Ltd., has come out with an IPO of Secured Redeemable NCD for Rs.1000 Crs ( Rs.500 Crs. with an option to retain oversubscription upto Rs.500 Crs. ).

IPO opens on 18/08/09.

Tenor - 60, 88 & 120 months.

Very attractive interest rates - 10.24% for 120 months ( against the prevailing interest rates of around 8% in the market for other instruments)

Minimum investment Rs.10,000/- & Maximum investment under retail category Rs.1 Lac.

Retail Category restricted ONLY to Individuals & HUFs.

NO TDS - whatever may be the investment amount.

CARE AA+ rating by CARE & LAA+ rating by ICRA.

Demat account is mandatory as allotment is only on electronic mode.

Allotment on "First Come First Serve" basis.

Listing in NSE - to ensure any time liquidity.