Debenture issues
- First Guy
- Posts : 2599
Join date : 2014-02-22
Debenture issues
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
- catseye
- Posts : 23
Join date : 2014-03-17
Re: Debenture issues
Any specific reason to have so many debenture issues with in a short period time ? Is it due to uptrend of interest rates ?
- First Guy
- Posts : 2599
Join date : 2014-02-22
Re: Debenture issues
I am not an expert on these

- yaka
- Posts : 374
Join date : 2014-02-28
Re: Debenture issues

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.
- RanaTop contributor
- Posts : 1786
Join date : 2015-12-16
Re: Debenture issues
- yaka
- Posts : 374
Join date : 2014-02-28
Re: Debenture issues
but still SL strongly hang to the paper docs, and noway to do it from away the country
- Antonym
- Posts : 62
Join date : 2014-03-01
Age : 60
Re: Debenture issues
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.yaka wrote:there is an issue with new 'debenture issues'
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
Re: Debenture issues
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
- Antonym
- Posts : 62
Join date : 2014-03-01
Age : 60
Re: Debenture issues
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!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
http://www.economynext.com/Sri_Lanka_to_tax_listed_debt,_unit_trusts_income;_bond_interest,_EPF_taxed_at_14_pct-3-6595.html
- First Guy
- Posts : 2599
Join date : 2014-02-22
Re: Debenture issues
- BackstageTop contributor
- Posts : 3803
Join date : 2014-02-24
Re: Debenture issues
- catseye
- Posts : 23
Join date : 2014-03-17
Re: Debenture issues
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.
- BackstageTop contributor
- Posts : 3803
Join date : 2014-02-24
Re: Debenture issues
- catseye
- Posts : 23
Join date : 2014-03-17
Re: Debenture issues
http://economynext.com/Sri_Lanka_may_charge_taxes_on_listed_bonds_issued_from_this_month-3-6630-1.html
- BackstageTop contributor
- Posts : 3803
Join date : 2014-02-24
Re: Debenture issues
- BackstageTop contributor
- Posts : 3803
Join date : 2014-02-24
Re: Debenture issues
- First Guy
- Posts : 2599
Join date : 2014-02-22
Re: Debenture issues
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.
- Yin-Yang
- Posts : 1321
Join date : 2016-03-12
Re: Debenture issues
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.
- Danidu
- Posts : 264
Join date : 2015-09-03
Age : 42
Location : Welisara
Re: Debenture issues
https://drive.google.com/open?id=1afsDkZDxTnWwJkFLNBrpvpd-YaTGHvRn