Sri Lanka’s Alliance Finance to offer Debenture

[First Guy]

Dec 09, 2014 (LBO) – Sri Lanka’s Alliance Finance Company Plc to issue debenture to offer 7,500,000 rated senior unsecured redeemable debentures at an issue price of 100 rupees per share, the company said in an announcement of Colombo Stock Exchange.

The company said it will issue up to a further 2,500,000 of the said debentures in the event of an oversubscription of the initial issue.
The subscription list will open on 19th December 2014.

http://www.lankabusinessonline.com/news/sri-lanka%E2%80%99s-alliance-finance-to-offer-debenture/1551418536

[First Guy]

This is the 3rd Issue by Alliance Finance in recent years.

First one was at 20%

Looking at recent issues, unless this one is extremely attractive, they might find it a bit hard to fully subscribed on opening day.

[BackstageTop contributor]

Does the tax break for debentures end , this year ?

[First Guy]

Does the tax break for debentures end , this year ?

No, as far as I know

[BackstageTop contributor]

Does the tax break for debentures end , this year ?

No, as far as I know

If I remember right, in an old discussion it was mentioned as expiring in Dec 2014.