Financial & Investment NewsBanking & Financial Services
📈 People’s Leasing & Finance to Issue LKR 10 Bn Debentures
• Issue Details: People’s Leasing and Finance plans to issue 100 Mn listed, rated, subordinated, unsecured, redeemable, 5-year (2026/2031) debentures. • Total Value & Pricing: Valued at LKR 10 Bn, priced at LKR 100 per debenture. • Returns: Fixed interest rate of 13.75% p.a. payable annually (AER 13.75%). • Key Dates & Status: Subscription opens on September 23, 2026, following in-principle approval from the Colombo Stock Exchange (CSE). • Managers to Issue: Jointly managed by People’s Bank Investment Banking Unit and HNB Investment Bank (Pvt) Ltd. • Economic Context: Supports funding mechanisms within Sri Lanka's banking & financial services sector.
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