Siyapatha Finance to issue Rs.3.75bn debentures

Siyapatha Finance PLC will raise a maximum of Rs.3.75 billion through its debenture issue.  
The initial offering stands at Rs.2 billion, with an option to extend by an additional Rs.1.75 billion, bringing the total potential issuance to a maximum of Rs.3.75 billion. 
With a five-year tenure, these debentures are poised to offer the investors a fixed interest of 11.50 percent p.a., payable annually (AER 11.50 percent).  
The subscription list for the debenture issue is scheduled to open on March 20, 2026.
The proceeds from this issuance are apportioned for the expansion of Siyapatha Finance’s lending portfolio, highlighting the company’s commitment to fostering sustainable growth and strategic investment opportunities in alignment with its long-term vision.
“As Siyapatha Finance reaffirms its commitment to fostering financial inclusivity and driving economic growth in Sri Lanka, we’re confident that this will enable us to continue providing innovative and sustainable financial solutions to our valued customers,” stated Siyapatha Finance Chief Executive Officer Mathisha Hewavitharana.
Fitch Ratings has assigned Siyapatha Finance’s (A (lka)/Stable) proposed Sri Lankan rupee-denominated subordinated debentures up to Rs.3.75 billion a final National Long-Term Rating of “BBB+(lka).
A listed entity on the Colombo Stock Exchange, Siyapatha Finance soon evolved into Sampath Bank’s largest subsidiary. Its diverse portfolio encompasses leasing, fast drafts, loans, gold financing, factoring and an array of other financial services.