📈 Siyapatha Finance to Raise Rs. 3.75 Bn via Debenture Issue

The Colombo Stock Exchange (CSE) has granted in-principle approval to Siyapatha Finance PLC for the listing of its rated, subordinated, unsecured, and redeemable debentures. This move reflects ongoing activity in the financial services sector to strengthen capital bases. • Issue Details: An initial offering of 20 million five-year debentures, with options to issue an additional 17.5 million units in two tranches if oversubscribed. • Total Value: The total issue size could reach Rs. 3.75 Bn if all tranches are fully exercised. • Interest Rate: Fixed at 11.50% per annum, with an Annual Effective Rate (AER) of 11.50%. • Timeline: The subscription list is scheduled to open on 20 March 2026. • Management: People’s Bank Investment Banking Unit is the designated manager to the issue. This capital raising effort supports the banking and finance industry's role in providing credit to the broader economy.