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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » HNB more than 15 Billion to be paid to settle maturing debentures.

HNB more than 15 Billion to be paid to settle maturing debentures.

+2
sheildskye
deli
6 posters

Go down  Message [Page 1 of 1]

deli

deli
Manager - Equity Analytics
Manager - Equity Analytics

HNB has to pay thumping 21 Billion LKR in order to service debentures maturing this Sunday and again on wednesday. This probably the reason market went down 😤

sheildskye

sheildskye
Manager - Equity Analytics
Manager - Equity Analytics

Maturing debentures are not a dilemna as you claim it to be-- banks back each other if not back themselves. If you are alert about the debt market, you may be knowing that LOLC Finance issued debentures. This may be to service to service HNB's debentures. This is hypothetically speaking to clarify my point on how capitalist economies back the monetary system, but such arrangement may be in place.

Other banks may back other financial institutions in similar fashion

ADVENTUS


Moderator
Moderator

deli wrote:HNB has to pay thumping 21 Billion LKR in order to service debentures maturing this Sunday and again on wednesday. This probably the reason market went down 😤
After the whole broker credit saga and UNHCR vote, I feel that the market is now steady. 
Until mid April we should expect ASPI to go up only up to around 7500-7600, bull run may start in May. 

HNB prices will stay around 128-136 or so until that time. Doubt if the debentures maturing was an issue. 

Port city bill if passed in parliament may drive the market up I believe before that.

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

HNB Arrow Arrow

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

deli wrote:HNB has to pay thumping 21 Billion LKR in order to service debentures maturing this Sunday and again on wednesday. This probably the reason market went down 😤


please share the source of info. I can not seen that much...

https://www.hnb.net/about-the-bank/investor-relations/hnb-shares-and-debentures

and I'm agree some conditions from @sheildskye but not all

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

wait.. 2 weeks, HNBx move to Rs.110.

deli

deli
Manager - Equity Analytics
Manager - Equity Analytics

ColomboCSE wrote:
deli wrote:HNB has to pay thumping 21 Billion LKR in order to service debentures maturing this Sunday and again on wednesday. This probably the reason market went down 😤


please share the source of info. I can not seen that much...

https://www.hnb.net/about-the-bank/investor-relations/hnb-shares-and-debentures

and I'm agree some conditions from @sheildskye but not all
HNB more than 15 Billion to be paid to settle maturing debentures. Screen12
HNB more than 15 Billion to be paid to settle maturing debentures. Screen13
HNB more than 15 Billion to be paid to settle maturing debentures. Screen14

reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Too bad,  evil banks will always have their guard dogs defend them in all fora. Looks like there is going be a grim period for a long time.

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

@deli,

Thank you for the information. really appreciated!

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