Fintrex Finance lists first high-yield bond on CSE

From left: Yenuka Geemal, Head of Treasury (FFL); Manjula Tennakoon, Chief Financial Officer (FFL); Rajeeva Bandaranaike, CEO (CSE); Ray Abeywardena, Group CEO / Managing Director (HNBIB), Director (CSE); Yaveen Jayasekara, Chief Strategy Officer (HNBIB); Shantanu Nagpal, Director (FFL); Dilshan Wirasekara, Chairman (CSE); Ajit Gunewardene, Chairman (FFL); Jayathilake Bandara, CEO (FFL); Vindhya Jayasekera, CEO Designate (CSE); Renuke Wijayawardhane, CRO, (CSE); Sonali Selvaratnam, Senior Associate Vice President (HNBIB) and  Mohandas V. Thangarajah, VP Marketing (HNBIB)

Fintrex Finance Ltd (FFL) has issued the first-ever high-yield bond to be listed on the Colombo Stock Exchange (CSE), marking a milestone in Sri Lanka’s non-banking financial sector.

A bell-ringing ceremony was held on March 14 at the CSE trading floor to mark the listing.

“The issuance reflects our commitment to innovative financial solutions and excellence in the industry,” FFL said in a statement.

The Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable 5-Year High-Yield Bond, offering up to 5 million bonds at a par value of Rs. 100 per bond, opened on 25 February 2025 and was oversubscribed on the opening day itself. The overwhelming investor response reflects a high demand for high-yield financial instruments and a strong demand for attractive investment opportunities in the market.

According to CSE Chairman Dilshan Wirasekara, the platform has the potential to significantly enhance the efficiency of capital deployment. 

Currently, the banking and finance systems account for nearly 90% of capital formation, while capital markets play a much smaller role. However, with increased product diversification and inclusivity, the aim is to broaden the investor and issuance base, making capital raising the standard, not the exception. 

“While the high-yield bond is currently limited to the OTC platform, I trust the regulator will recognize the opportunity to make it tradable on the exchange, fostering greater liquidity and enabling price discovery,” said Wirasekara delivering the opening remarks at the ceremony.

Meanwhile, FFL Chairman Ajith Gunawardena noted that listing of Fintrex Finance High Yield Bond on the CSE marks a key milestone in its growth and reflects years of effort to strengthen its operations, expand product portfolio, and build lasting customer relationships. 

“The strong investor response highlights confidence in our focused approach. We remain committed to sustaining this momentum and creating value for all stakeholders,” he said.

Fintrex Finance Limited, incorporated in 2007, has rapidly positioned itself as a prominent financial services provider in Sri Lanka. With a strong focus on empowering businesses and individuals, Fintrex provides leasing, savings, fixed deposits, SME loans, and green loans. The company places particular emphasis on supporting the SME segment, an essential pillar of the nation’s economic development.