Siyapatha Finance debenture issue oversubscribed

 Siyapatha Finance PLC announced that its recent debenture issuance was oversusbcribed.

The initial public offering of Siyapatha Finance PLC’s debenture issuance, officially opened for subscription on the 19th June, 2025 and closed on the same day, due to positive investor sentiment from the market. 

The initial tranche of Rs. 3 billion and subsequent tranches of Rs. 1 billion each were oversubscribed in record time, reflecting positive investor sentiment and confidence in Siyapatha Finance PLC’s financial stability and growth prospects. The company received  applications over Rs. 5 billion. Commenting on the oversubscription of the issue, Ananda Seneviratne, Managing Director  of Siyapatha Finance PLC stated, “This overwhelming demand reaffirms our commitment to delivering value to our stakeholders and driving sustainable growth over 20 years of trust. We are immensely pleased by the enthusiastic response to our debenture issuance, which emphasizes the trust and confidence that investors place in Siyapatha Finance PLC.”

The proceeds from the issuance of listed, rated, senior, unsecured, redeemable debentures valued at Rs. 100 per unit with a five-year tenure, will be directed towards funding the Siyapatha Finance PLC’s budgeted lending portfolio. 

These debentures, carrying a fixed interest rate of 11.40 percent per annum (AER 11.40 percent), will be officially listed on the Colombo Stock Exchange after the allotment. The basis for allotment adhered to the specifications outlined in the prospectus, ensuring fairness and transparency in the distribution of debentures among investors.

Commercial Bank of Ceylon PLC  spearheaded the management of the debenture issue.