Siyapatha Finance to raise Rs. 4 bn via listed debenture issue

Siyapatha Finance PLC has announced plans to issue forty million (40,000,000) listed, rated, subordinated, unsecured, redeemable debentures, each valued at Rs.100, to raise up to Rs. 4 billion.

The five-year debentures will carry an interest rate aligned with the guidelines of the Central Bank of Sri Lanka, the company said in a disclosure to the Colombo Stock Exchange (CSE). The proceeds are expected to support Siyapatha Finance’s capital and funding requirements.

The issuance is subject to obtaining all necessary approvals from regulatory authorities, with the company proposing to have the debentures listed on the CSE once the approvals are secured.