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» EAST WEST PROPERTIES PLC (EAST.N0000)
Debenture issues EmptyToday at 11:51 am by yellow knife

» HASU.N0000 (HNB ASSURANCE PLC)
Debenture issues EmptyToday at 10:32 am by yellow knife

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Debenture issues EmptyYesterday at 8:09 pm by PANTOMATH

» අසිරිමත් සුබ නව වසරකට ආසිරි !
Debenture issues EmptyYesterday at 6:33 pm by hammurabi

» Thread for News on CSE and SL Economy
Debenture issues EmptyTue Apr 16, 2019 6:52 pm by NIRMALSG

» Dividend Announcement
Debenture issues EmptySat Apr 13, 2019 10:53 pm by nihal123

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
Debenture issues EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
Debenture issues EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
Debenture issues EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» Thread for News on Local and Foreign Politics
Debenture issues EmptyTue Apr 09, 2019 11:25 am by Ethical Trader

» අනං මනං! #/+?.<>
Debenture issues EmptyMon Apr 08, 2019 7:23 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
Debenture issues EmptyMon Apr 08, 2019 6:07 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
Debenture issues EmptyMon Apr 08, 2019 5:31 am by Ethical Trader

» CONN.N0000
Debenture issues EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
Debenture issues EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
Debenture issues EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
Debenture issues EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
Debenture issues EmptyFri Apr 05, 2019 12:36 pm by Ethical Trader

» Micro Finance
Debenture issues EmptyFri Apr 05, 2019 12:14 pm by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Debenture issues EmptyFri Apr 05, 2019 7:40 am by serene

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Debenture issues EmptyThu Apr 04, 2019 6:53 pm by NIRMALSG

» PLC.N0000 ( People's Leasing and Fiance PLC)
Debenture issues EmptyWed Apr 03, 2019 6:04 pm by NIRMALSG

» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
Debenture issues EmptyWed Apr 03, 2019 3:40 pm by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
Debenture issues EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
Debenture issues EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
Debenture issues EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
Debenture issues EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Debenture issues EmptyTue Apr 02, 2019 11:11 am by Backstage

» Plantation sector updates
Debenture issues EmptyMon Apr 01, 2019 2:13 pm by nihal123

» What to Analyse
Debenture issues EmptyMon Apr 01, 2019 8:00 am by yellow knife

» MTD WALKERS - KAPI
Debenture issues EmptyMon Apr 01, 2019 5:01 am by NIRMALSG

» VONE.N0000 (VALLIBEL ONE PLC)
Debenture issues EmptySun Mar 31, 2019 6:09 pm by lanka

» In the Meantime, Within Our Shores !
Debenture issues EmptySun Mar 31, 2019 11:22 am by කිත්සිරි ද සිල්වා

» PB. N0000 (People's Bank)
Debenture issues EmptyFri Mar 29, 2019 5:33 pm by yellow knife

» Obituary Notice.
Debenture issues EmptyFri Mar 29, 2019 5:07 pm by කිත්සිරි ද සිල්වා

» Happy Birthday
Debenture issues EmptyFri Mar 29, 2019 9:58 am by Backstage

» Re: Financial reports Q1-2019
Debenture issues EmptyFri Mar 29, 2019 7:45 am by serene

» Save Wilpattu !
Debenture issues EmptyThu Mar 28, 2019 1:58 pm by puliyanam

» Help him Today, so he can help another Tomorrow
Debenture issues EmptyThu Mar 28, 2019 7:49 am by serene

» HNB.N0000 ( Hatton National Bank PLC)
Debenture issues EmptyTue Mar 26, 2019 6:18 am by pjrngroup

» අපිට විතරද පායන්නේ ?
Debenture issues EmptyMon Mar 25, 2019 9:06 pm by malanp

» Tourism sector
Debenture issues EmptyMon Mar 25, 2019 5:47 pm by NIRMALSG

» Oman's Oil and Gas Minister Dr. Al Ruhmy arrives in Lanka.
Debenture issues EmptySun Mar 24, 2019 12:11 pm by Ethical Trader

» රෝගීන් වෙනුවෙන් කැප වන සෞඛ්‍ය සේවාවක් වෙනුවෙන්.....
Debenture issues EmptyTue Mar 19, 2019 9:34 am by AjithR

» JEWS OF SRI LANKA: AN UNTOLD STORY
Debenture issues EmptyTue Mar 19, 2019 9:22 am by කිත්සිරි ද සිල්වා

» How Small We are in the universe
Debenture issues EmptyTue Mar 19, 2019 7:29 am by nihal123

» ඉස්සරහට අපි පරදින එකනම් ෂුවර් – ධම්මික ක්‍රිකට් ගැන කතා කරයි
Debenture issues EmptyFri Mar 15, 2019 2:59 pm by nuwanmja

» HAYL.N0000 Hayleys PLC
Debenture issues EmptyThu Mar 14, 2019 2:46 pm by yellow knife

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Debenture issues EmptySun Mar 10, 2019 8:36 pm by NIRMALSG

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Debenture issues EmptySun Mar 10, 2019 6:40 am by ruwan326

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Debenture issues

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Debenture issues Empty Debenture issues

Post by First Guy on Tue Nov 01, 2016 7:45 pm

There were a spree of debt issues with Commercial Bank and HNB issues completed and NTB completed today

Currently available ones are (on 1st Nov 2016)

DFCC - up to 7 years at 12.75% pa opening on 2nd Nov

SFCL - up to 4 years at 13.75% pa opening on 4th Nov


PLC issue is coming up
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Debenture issues Empty Re: Debenture issues

Post by catseye on Wed Nov 02, 2016 7:34 am

Hi FG,
Any specific reason to have so many debenture issues with in a short period time ? Is it due to uptrend of interest rates ?

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Debenture issues Empty Re: Debenture issues

Post by First Guy on Wed Nov 02, 2016 9:17 am

That can be a good reason but some time back they issued at higher rates too when the rates were at peak. So if these are to roll over, then their interest cost on issued debt is going to reduce a little.

I am not an expert on these Smile
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Debenture issues Empty Re: Debenture issues

Post by yaka on Wed Nov 02, 2016 5:14 pm

there is an issue with new 'debenture issues'
Smile

what I mean is earlier they use to update these in to the CSE web site at least 02 weeks prior to the issue open date giving ample of time ahead.
but now they uodate this to the CSE only 03-04 days before where persons out of the country can't apply because they only accept original document with signature on it. I'm very sad missing all these last debentures specially SFCL with 14% rate.

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Debenture issues Empty Re: Debenture issues

Post by Rana on Wed Nov 02, 2016 5:55 pm

why they don't allow to subscribe debentures via CDS account . that mean via broker's online trading software

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Debenture issues Empty Re: Debenture issues

Post by yaka on Wed Nov 02, 2016 7:31 pm

you may be able to catch some if anyone willing to sell on the board which is rare. also on higher price.

but still SL strongly hang to the paper docs, and noway to do it from away the country

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Debenture issues Empty Re: Debenture issues

Post by Antonym on Wed Nov 02, 2016 11:11 pm

yaka wrote:there is an issue with new 'debenture issues'
Smile

what I mean is earlier they use to update these in to the CSE web site at least 02 weeks prior to the issue open date giving ample of time ahead.
but now they uodate this to the CSE only 03-04 days before where persons out of the country can't apply because they only accept original document with signature on it. I'm very sad missing all these last debentures specially SFCL with 14% rate.
If you are not a resident, the issuer company can accept scan copy of debenture application by mail - if you apply for significant quantity through your SIA Account. Besides, it helps to establish contact with a person who can assist, inside the company.

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Debenture issues Empty Re: Debenture issues

Post by yaka on Wed Nov 02, 2016 11:54 pm

thanks Antony didn't see you around for long...

thanks for the information I'll call SFCL if so as all others closed. I tried with two different brokers both said same thing. one company is even managers to the issue. seems you are knowledgable than them

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Debenture issues Empty Re: Debenture issues

Post by Antonym on Fri Nov 11, 2016 12:02 am

yaka wrote:thanks Antony didn't see you around for long...

thanks for the information I'll call SFCL if so as all others closed. I tried with two different brokers both said same thing. one company is even managers to the issue. seems you are knowledgable than them
The spree of Debenture Issues appears to have been timed to conclude before the budget. The issuers seem to have known that Ravi was going to remove the tax exemption on corporate debt!

http://www.economynext.com/Sri_Lanka_to_tax_listed_debt,_unit_trusts_income;_bond_interest,_EPF_taxed_at_14_pct-3-6595.html

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Debenture issues Empty Re: Debenture issues

Post by First Guy on Fri Nov 11, 2016 7:08 am

Yes timing was strange now explained.
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Debenture issues Empty Re: Debenture issues

Post by Backstage on Fri Nov 11, 2016 10:00 am

A fund manager told me about this in August.
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Debenture issues Empty Re: Debenture issues

Post by catseye on Fri Nov 11, 2016 10:14 am

Hi All,
I got two things to clarify, not found much info from any other sources.
Is this effective from 1st April 2017 or from 1st of January?

This 14% tax on interest  applicable for the new issues after that date or existing ones?

If you have any info, please share.

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Debenture issues Empty Re: Debenture issues

Post by Backstage on Fri Nov 11, 2016 10:16 am

April was mentioned for CGT so I expect all else from Jan. Not sure though.
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Debenture issues Empty Re: Debenture issues

Post by catseye on Tue Nov 15, 2016 8:22 pm


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Post by Backstage on Wed Nov 16, 2016 6:04 pm

Thanks Cat.
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Debenture issues Empty Re: Debenture issues

Post by Backstage on Wed Nov 16, 2016 6:33 pm

This is really good news for equity.
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Debenture issues Empty Re: Debenture issues

Post by First Guy on Thu Nov 17, 2016 6:53 am

Backstage wrote:This is really good news for equity.

Not much. The tax exemptions were given in the hope of increasing trading activity in the secondary debt market. That never happened. Most retail investors who bought hold them till maturity and bought instead of FDs (good decision). Not really as a substitute for stocks.

What is happening in the US is now affecting us and other emerging markets. This is the main threat.
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Debenture issues Empty Re: Debenture issues

Post by Yin-Yang on Thu Nov 17, 2016 8:34 am

First Guy wrote:
Backstage wrote:This is really good news for equity.

Not much. The tax exemptions were given in the hope of increasing trading activity in the secondary debt market. That never happened.
+
+

Fools!

How could tax exception increase activity, in this part of the world?
It should have been the other way around.

Or else, they should have put a nice story of a group of nuts earning billions by trading bonds in CSE with a nice pic of bikini clad lasses surrounding them in the paper.

Or else, should have asked some perera or rishan or someone to buy few bonds here and there.



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Debenture issues Empty Re: Debenture issues

Post by Danidu on Sat Jul 14, 2018 10:34 pm


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