The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Thread for News on Local and Foreign Politics
Today at 8:32 pm by Ethical Trader

» Thread for News on International Markets
Today at 1:58 pm by The Invisible

» AINS - Arpico Insurance
Yesterday at 10:43 am by The Invisible

» Thread for News on CSE and SL Economy
Yesterday at 7:28 am by serene

» CFVF - First Capital
Yesterday at 5:18 am by Ethical Trader

» Dividend Announcement
Wed Dec 12, 2018 6:07 pm by serene

» Obituary Notice.
Wed Dec 12, 2018 11:18 am by sashimaal

» BFN - Orient Finance
Wed Dec 12, 2018 9:34 am by PANTOMATH

» බඩගිනී
Tue Dec 11, 2018 9:20 am by Ethical Trader

» අනං මනං! #/+?.<>
Sun Dec 09, 2018 11:19 am by lanka

»  Rajgama heroes !
Sun Dec 09, 2018 9:43 am by කිත්සිරි ද සිල්වා

» BOPL.N0000 (Bogawantalawa Tea Estates PLC)
Fri Dec 07, 2018 7:35 am by The Invisible

» Sri Lanka economic slowdown trims company profits, bank earnings grow
Thu Dec 06, 2018 3:04 pm by nihal123

» JINS.N0000 ( Janashakthi Insurance PLC)
Thu Dec 06, 2018 10:05 am by The Invisible

» Better Than Bitcoin
Thu Dec 06, 2018 9:42 am by කිත්සිරි ද සිල්වා

» AAIC.N0000
Thu Dec 06, 2018 8:19 am by serene

» Hutchison, Etisalat complete mobile networks merger in Sri Lanka
Wed Dec 05, 2018 9:30 am by The Invisible

» Oil prices surge more than 5-pct
Mon Dec 03, 2018 1:53 pm by Ethical Trader

» Trading Journal
Mon Dec 03, 2018 11:33 am by lanka

» CCS.N0000 ( Ceylon Cold Stores)
Mon Dec 03, 2018 10:03 am by The Invisible

» HAYC - Haycarb
Sun Dec 02, 2018 3:04 pm by xmart

» In the Meantime, Within Our Shores !
Sat Dec 01, 2018 4:36 pm by කිත්සිරි ද සිල්වා

» LGL Laugfs Gas
Fri Nov 30, 2018 9:43 am by The Invisible

» Oil prices gain as investors eye Fed relief on interest rates
Fri Nov 30, 2018 9:41 am by The Invisible

» ලැයිස්තුගත සමාගම් 8 ක් කොටස් ගනුදෙනු තහනම් වීමේ අවදානමක
Thu Nov 29, 2018 11:34 am by nihal123

» අපි තනිකර ලෝකය දිව යන්නේ
Thu Nov 29, 2018 11:32 am by කිත්සිරි ද සිල්වා

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Thu Nov 29, 2018 10:32 am by The Invisible

» Orient Finance PLC--(Share_Valuation_Report)
Thu Nov 29, 2018 7:17 am by yellow knife

» කිඹුලා
Mon Nov 26, 2018 7:20 am by Lalinda

» Sandos' Vs Creators'
Sun Nov 25, 2018 1:17 pm by කිත්සිරි ද සිල්වා

» Tourists Arrival
Sat Nov 24, 2018 10:07 am by කිත්සිරි ද සිල්වා

» බිරිඳ
Fri Nov 23, 2018 11:49 am by Ethical Trader

» ගෙයක් හදන්නද ඉන්නේ
Fri Nov 23, 2018 5:55 am by Brave Heart

» --- සමෝසා වෙළෙන්දා -------
Fri Nov 23, 2018 5:51 am by Brave Heart

» විකුණුම්කරු
Sun Nov 18, 2018 2:10 pm by Ethical Trader

» Real Estate Market in Sri Lanka- A booming Industry or a Bubble?
Sun Nov 18, 2018 12:00 am by xmart

» Will YOU VOTE for ME if I run for SL PRESIDENCY?
Sat Nov 17, 2018 11:43 am by CK

» *කොට්ටේ තරණය කිරීම*
Fri Nov 16, 2018 6:25 pm by Ethical Trader

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Wed Nov 14, 2018 9:20 pm by pjrngroup

» DIPD.N0000 (Dipped Products)
Wed Nov 14, 2018 7:18 am by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Wed Nov 14, 2018 7:16 am by The Invisible

» TAFL - Three Acre Farms
Wed Nov 14, 2018 7:14 am by The Invisible

» RCL - Royal Ceramics
Wed Nov 14, 2018 7:12 am by The Invisible

» HAYL.N0000 Hayleys PLC
Wed Nov 14, 2018 7:08 am by The Invisible

» How to trade Stock profitably?
Tue Nov 13, 2018 11:55 am by indramal

» What are investing methods in Sri Lanka?
Tue Nov 13, 2018 6:39 am by indramal

» Thread for General News Local/Foreign
Mon Nov 12, 2018 7:57 am by serene

» Anybody invest New York or Landon Stock Exchange?
Sat Nov 10, 2018 8:53 am by කිත්සිරි ද සිල්වා

» JKH.N0000
Fri Nov 09, 2018 10:49 am by ruwan326

» WATA - Watawala
Fri Nov 09, 2018 10:22 am by The Invisible

December 2018
SunMonTueWedThuFriSat
      1
2345678
9101112131415
16171819202122
23242526272829
3031     

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Debenture issues

Go down

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
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

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 ?

catseye

Posts : 20
Join date : 2014-03-17

Back to top Go down

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
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

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.

yaka

Posts : 374
Join date : 2014-02-28

Back to top Go down

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

Rana
Top contributor
Top contributor

Posts : 1452
Join date : 2015-12-16

Back to top Go down

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

yaka

Posts : 374
Join date : 2014-02-28

Back to top Go down

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.

Antonym

Posts : 45
Join date : 2014-03-01

Back to top Go down

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

yaka

Posts : 374
Join date : 2014-02-28

Back to top Go down

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

Antonym

Posts : 45
Join date : 2014-03-01

Back to top Go down

Re: Debenture issues

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

Yes timing was strange now explained.
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

Re: Debenture issues

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

A fund manager told me about this in August.
avatar
Backstage
Top contributor
Top contributor

Posts : 3312
Join date : 2014-02-24

Back to top Go down

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.

catseye

Posts : 20
Join date : 2014-03-17

Back to top Go down

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.
avatar
Backstage
Top contributor
Top contributor

Posts : 3312
Join date : 2014-02-24

Back to top Go down

Re: Debenture issues

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


catseye

Posts : 20
Join date : 2014-03-17

Back to top Go down

Re: Debenture issues

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

Thanks Cat.
avatar
Backstage
Top contributor
Top contributor

Posts : 3312
Join date : 2014-02-24

Back to top Go down

Re: Debenture issues

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

This is really good news for equity.
avatar
Backstage
Top contributor
Top contributor

Posts : 3312
Join date : 2014-02-24

Back to top Go down

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.
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

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.



avatar
Yin-Yang

Posts : 1157
Join date : 2016-03-12

Back to top Go down

Re: Debenture issues

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


Danidu

Posts : 244
Join date : 2015-09-03
Age : 38
Location : Welisara

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum