The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Debenture issues EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Debenture issues EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Debenture issues EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Debenture issues EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Debenture issues EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Debenture issues EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Debenture issues EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Debenture issues EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Debenture issues EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Debenture issues EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Debenture issues EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Debenture issues EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Debenture issues EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Debenture issues EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Debenture issues EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Debenture issues EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Debenture issues EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Debenture issues EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Debenture issues EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Debenture issues EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Debenture issues EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Debenture issues EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Debenture issues EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Debenture issues EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Debenture issues EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Debenture issues EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Debenture issues EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Debenture issues EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Debenture issues EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Debenture issues EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Debenture issues EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Debenture issues EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Debenture issues EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Debenture issues EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Debenture issues EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Debenture issues EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Debenture issues EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Debenture issues EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Debenture issues EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Debenture issues EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Debenture issues EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Debenture issues EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Debenture issues EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Debenture issues EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Debenture issues EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Debenture issues EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Debenture issues EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Debenture issues EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Debenture issues EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Debenture issues EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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

+4
Rana
yaka
catseye
First Guy
8 posters

    Debenture issues

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Debenture issues Empty Debenture issues

    Post by First Guy 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
    catseye


    Posts : 23
    Join date : 2014-03-17

    Debenture issues Empty Re: Debenture issues

    Post by catseye 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 ?
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Debenture issues Empty Re: Debenture issues

    Post by First Guy 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
    yaka


    Posts : 374
    Join date : 2014-02-28

    Debenture issues Empty Re: Debenture issues

    Post by yaka 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.
    avatar
    Rana
    Top contributor
    Top contributor


    Posts : 1786
    Join date : 2015-12-16

    Debenture issues Empty Re: Debenture issues

    Post by Rana 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
    avatar
    yaka


    Posts : 374
    Join date : 2014-02-28

    Debenture issues Empty Re: Debenture issues

    Post by yaka 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
    avatar
    Antonym


    Posts : 62
    Join date : 2014-03-01
    Age : 61

    Debenture issues Empty Re: Debenture issues

    Post by Antonym 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.
    avatar
    yaka


    Posts : 374
    Join date : 2014-02-28

    Debenture issues Empty Re: Debenture issues

    Post by yaka 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
    avatar
    Antonym


    Posts : 62
    Join date : 2014-03-01
    Age : 61

    Debenture issues Empty Re: Debenture issues

    Post by Antonym 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
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Debenture issues Empty Re: Debenture issues

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

    Yes timing was strange now explained.
    Backstage
    Backstage
    Top contributor
    Top contributor


    Posts : 3803
    Join date : 2014-02-24

    Debenture issues Empty Re: Debenture issues

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

    A fund manager told me about this in August.
    avatar
    catseye


    Posts : 23
    Join date : 2014-03-17

    Debenture issues Empty Re: Debenture issues

    Post by catseye 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.
    Backstage
    Backstage
    Top contributor
    Top contributor


    Posts : 3803
    Join date : 2014-02-24

    Debenture issues Empty Re: Debenture issues

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

    April was mentioned for CGT so I expect all else from Jan. Not sure though.
    avatar
    catseye


    Posts : 23
    Join date : 2014-03-17

    Debenture issues Empty Re: Debenture issues

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

    Got a update

    http://economynext.com/Sri_Lanka_may_charge_taxes_on_listed_bonds_issued_from_this_month-3-6630-1.html
    Backstage
    Backstage
    Top contributor
    Top contributor


    Posts : 3803
    Join date : 2014-02-24

    Debenture issues Empty Re: Debenture issues

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

    Thanks Cat.
    Backstage
    Backstage
    Top contributor
    Top contributor


    Posts : 3803
    Join date : 2014-02-24

    Debenture issues Empty Re: Debenture issues

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

    This is really good news for equity.
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Debenture issues Empty Re: Debenture issues

    Post by First Guy 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.
    Yin-Yang
    Yin-Yang


    Posts : 1321
    Join date : 2016-03-12

    Debenture issues Empty Re: Debenture issues

    Post by Yin-Yang 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
    Danidu


    Posts : 264
    Join date : 2015-09-03
    Age : 43
    Location : Welisara

    Debenture issues Empty Re: Debenture issues

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

    Commercial Bank Debenture Issue - July 2018

    https://drive.google.com/open?id=1afsDkZDxTnWwJkFLNBrpvpd-YaTGHvRn

      Current date/time is Wed Jul 24, 2024 1:49 am