There are two bond offerings from IIFCL and L&T Infra of which the IIFCL has opened on the 4th of February and would close on the 4th of March while the L&T Infra would open on Monday the 7th of February and close on the 7th of March.
These bonds are under long term Infrastucture bonds and are eligible for benefits under section 80CCF of the Income Tax act. The coupon rate varies from 8.15% to 8.30% depending upon the type of bond and the maturity period.
These bonds would be discussed in detail during the course of the next week.
