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» Coronavirus Updates
Debenture issues EmptyToday at 9:36 am by The Invisible

» Thread for News on CSE and SL Economy
Debenture issues EmptyYesterday at 5:21 pm by NIRMALSG

» Obituary Notice.
Debenture issues EmptyYesterday at 12:51 pm by කිත්සිරි ද සිල්වා

» Access Engineering AEL Technical Analysis
Debenture issues EmptyTue Jun 30, 2020 11:00 am by HUNTER

»  6000 Post Club , Celebration of a Great Milestone, Slstock
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» LIOC.N0000 (Lanka IOC PLC)
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» How to get Access to: 104 Technical trading experiments by HUNTER
Debenture issues EmptyMon Jun 29, 2020 9:35 am by nuwanmja

» Sri Lanka to monetize tens of billions of contractor bills
Debenture issues EmptySun Jun 28, 2020 10:30 am by The Invisible

» CFVF - First Capital
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» RCL - Royal Ceramics
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» Stocks - Banks Drag Wall Street Lower After Fed Buyback Ban; Dow Down 290
Debenture issues EmptyFri Jun 26, 2020 11:35 pm by nihal123

» Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project
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» PABC.N0000 (Pan Asia Banking Corporation PLC)
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» JKH.N0000
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» Plantation sector updates
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» Dividend Announcements
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» In the Meantime, Within Our Shores !
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» LOLC Holdings
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» Sri Lanka bank bad loans in March 2020 pick up to 5.1-pct
Debenture issues EmptyMon Jun 22, 2020 12:50 pm by The Invisible

» The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio
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» Sri Lanka tea prices pickup marginally mid June
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» කොළඹ කොටස් වෙළඳපොළ ඩිජිටල්කරණය කිරීමේ වැඩපිළිවෙල ඇරඹෙයි
Debenture issues EmptySun Jun 21, 2020 12:55 pm by HUNTER

» Sri Lankans stock up, buy online in Covid-19 curfews, informal workers hard-hit: survey
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» Sri Lanka chicken supplies to tighten after Covid-19 crisis, maize import controls
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» S&P SL20 සමාගම් ලැයිස්තුවේ වෙනසක්.
Debenture issues EmptySat Jun 20, 2020 7:56 am by slstock

» HNB රුපියල් බිලියන 5ක ණය යෝජනා ක‍්‍රමයක් දියත් කරයි
Debenture issues EmptyFri Jun 19, 2020 10:47 pm by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Debenture issues EmptyFri Jun 19, 2020 1:08 pm by dakzsl

» HAYC - Haycarb
Debenture issues EmptyFri Jun 19, 2020 12:04 pm by Rational Investor

» විශාලම ලැයිස්තුගත සමාගම් 50 විනිවිදභාවය පිළිබඳ වාර්තාවක් එළිදැක්වෙයි
Debenture issues EmptyThu Jun 18, 2020 11:13 pm by nihal123

» HAYL.N0000 Hayleys PLC
Debenture issues EmptyThu Jun 18, 2020 7:53 pm by NIRMALSG

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Debenture issues EmptyWed Jun 17, 2020 12:29 pm by nuwanmja

» Sri Lanka bank forex funding pressures, bad loans to rise after Covid-19: Fitch
Debenture issues EmptyWed Jun 17, 2020 10:43 am by The Invisible

» Sri Lanka telecom regulator asked find businesses to use Lotus Tower
Debenture issues EmptyWed Jun 17, 2020 10:33 am by The Invisible

» Gota's Era
Debenture issues EmptyTue Jun 16, 2020 2:40 pm by puliyanam

» Fitch Revises Ratings on 11 Sri Lankan Financial
Debenture issues EmptySat Jun 13, 2020 11:58 am by spw19721

» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
Debenture issues EmptyFri Jun 12, 2020 11:27 am by Rajapaksap

» සල්ලි අච්චු ගැසුවාද?
Debenture issues EmptyWed Jun 10, 2020 11:35 pm by nihal123

» වටිනා පාඩමක්!
Debenture issues EmptyWed Jun 10, 2020 9:58 pm by Backstage

» Sri Lanka’s General Election on August 05
Debenture issues EmptyWed Jun 10, 2020 3:08 pm by The Invisible

» Hayleys MGT
Debenture issues EmptyTue Jun 09, 2020 11:16 am by The Invisible

» AEL Access Engineering
Debenture issues EmptyTue Jun 09, 2020 11:08 am by The Invisible

» Sri Lanka import controls, cargo bottleneck hit apparel exporters
Debenture issues EmptyMon Jun 08, 2020 4:12 pm by The Invisible

» Sri Lanka tea prices ease lower, low growns drive May average to all time high
Debenture issues EmptyMon Jun 08, 2020 8:47 am by slstock

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Debenture issues EmptySat Jun 06, 2020 3:05 pm by Antonym

» Sri Lanka makes trillion rupee mini-budget till August under Presidential powers
Debenture issues EmptyFri Jun 05, 2020 10:48 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Debenture issues EmptyThu Jun 04, 2020 4:32 pm by Backstage

» LION.N0000 (Lion Brewery Ceylon PLC)
Debenture issues EmptyThu Jun 04, 2020 2:21 pm by The Invisible

» කොටස්--වෙළෙඳපොළ--වැසුවාද
Debenture issues EmptyWed Jun 03, 2020 9:49 pm by nihal123

» විදෙස් ආයෝජකයින්ගේ උනන්දුව ඉහළට
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» United Motors
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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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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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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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Post by First Guy on Fri Nov 11, 2016 7:08 am

Yes timing was strange now explained.
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Post by Backstage on Fri Nov 11, 2016 10:00 am

A fund manager told me about this in August.
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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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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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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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Post by Backstage on Wed Nov 16, 2016 6:33 pm

This is really good news for equity.
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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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