Why would a school sell debentures?
Most schools state that the fees are generally set at a level which covers most if not all of the school’s running costs, but not its capital costs. So, debentures are how parents of students contribute to the long-term funding of the School.
How does a school debenture work?
A debenture is a loan taken by the school thus the payment of fees by the parents of a child against his/ her admission in the school as a student is the way of contributing to the long term funding of the school. The fee mainly covers the school’s running cost and not the capital costs.
Is ESF debenture refundable?
The deposit of HK$50,000 for the Debenture is refundable if the child is not successful in gaining a place at Kindergarten or the full HK$500,000 is refunded if the child upon completion of K2 is not able to access a mainstream education in an ESF primary school or college.
Are debentures refundable?
Refundable/Non-refundable/Depreciating In at least one school, the debenture depreciates to zero in seven years. If a child is to continue on in the school, the parents must buy a new debenture or the child will not be allowed to stay in the school.
Are bonds and debentures same?
In a sense, all debentures are bonds, but not all bonds are debentures. Whenever a bond is unsecured, it can be referred to as a debenture. To complicate matters, this is the American definition of a debenture. In British usage, a debenture is a bond that is secured by company assets.
What is the best primary school in Hong Kong?
Top 10 Bilingual Primary Schools in Hong Kong
- Chinese International School. Founed in 1893, CIS is one of the most desirable and well-established all-through schools in Hong Kong.
- Dalton School Hong Kong.
- Han Academy.
- Independent Schools Foundation Academy.
- Po Leung Kuk Choi Kai Yau.
What is capital levy international school?
Families of students at most international schools are required to pay an annual capital levy (ACL) – or pay for a debenture. Capital levies, also referred to as capital enrolment fees, are annual non-refundable payments that are charged per student.
What is annual capital levy?
The Annual Capital Levy funds future capital expenditures, such as routine maintenance of the CIS physical plant. The Annual Capital Levy applies to all students, including Corporate Nomination Right nominees, who join CIS in or after school year 2018-19.
Are debentures high risk?
Are Debentures Risky Investments? Because debentures are debt securities, they tend to be less risky than investing in the same company’s common stock or preferred shares. Debenture holders would also be considered more senior and take priority over those other types of investments in the case of bankruptcy.
How much do Harrow debentures cost in Hong Kong?
Debentures at Harrow International School Hong Kong in Tuen Mun were priced at nearly HK$6 million (US$770,000) in 2014, but are now going for about HK$3.4 million, a decrease of 43 per cent.
Why choose Harrow International School Hong Kong?
Located in a magnificent crescent-shaped building with custom-built facilities near the Gold Coast Tuen Mun, Harrow International School Hong Kong is the first and only British international boarding and day school in Hong Kong.
Why are international school debentures in Hong Kong plummeting?
Prices of debentures issued by international schools in Hong Kong have plummeted by as much as 40 per cent from their peaks, with consultants attributing the drop to the city’s closed borders and a wave of emigration.
What is boarding at Harrow Hong Kong?
Boarding is available to pupils from Year 6 onwards. Boarding at Harrow Hong Kong comprises of five nights at the School – Sunday 7.00pm to Friday 4.30pm. Resources: Years 10 to 13 pupils purchase their own textbooks for GCSE and A-Level texts as directed by the School.
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