First Capital Holdings debenture issue oversubscribed

First Capital Holdings PLC yesterday successfully closed its latest debenture issue after receiving applications exceeding Rs. 3 billion, according to a disclosure to the Colombo Stock Exchange (CSE).

The issue comprised three types of listed, rated, senior unsecured redeemable debentures; Type A, Type B, and Type C, each with a par value of Rs. 100 and a maturity spanning 2025 to 2030. The initial offer targeted ten million debentures, with the company retaining the option to issue up to an additional 20 million debentures in case of oversubscription.

With demand surpassing the maximum offer, First Capital Holdings said it will announce the basis of allotment to the CSE in due course.