The Urban Development Authority (UDA) is gearing to launch its Rs. 10 billion debenture issue by next month, UDA officials said. “We’re planning to close our financials and then we will announce the debenture,” a UDA official told the Business Times. He said the UDA gets calls daily from interested parties on this debenture as [...]

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The Sunday Times Sri Lanka

UDA to launch debenture by year end

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The Urban Development Authority (UDA) is gearing to launch its Rs. 10 billion debenture issue by next month, UDA officials said.

“We’re planning to close our financials and then we will announce the debenture,” a UDA official told the Business Times.

He said the UDA gets calls daily from interested parties on this debenture as the budget has proposed an exemption on the interest or discount accruing from the investment in any Corporate Debt Security issued by on or after 1 January 2015. According to the UDA source, the UDA is working with the People’s Bank to launch the Rs. 10 billion debenture issue by mid next month. “These units will be very attractive with this budget proposal,” an analyst said.

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