First Capital Holdings to launch Rs.3bn debenture issue

First Capital Holdings PLC said the Colombo Stock Exchange has approved in principle its application to list the senior, unsecured, redeemable five-year debentures, with the subscription list set to open on September 23, 2025.

The company will offer 10 million listed, rated, senior, unsecured redeemable debentures, with the option to issue up to a further 20 million in the event of oversubscription, raising up to a maximum of Rs.3 billion.

The debentures will be issued in three types: Type A with a fixed coupon rate of 11.00 percent per annum, payable annually, Type B with a fixed coupon rate of 10.71 percent per annum (annual effective rate 11.00 percent), payable semi-annually and Type C at a floating rate of 364-day treasury bill plus 2.00 percent per annum, payable and repriced annually.