Siyapatha Finance PLC announces Rs.5 Billion Debenture Issue to bolster capital

Siyapatha Finance PLC, a leading non-banking financial institution, announced today a move to raise up to Rs. 5 billion through the issuance of listed, rated debentures.

In a filing with Colombo Stock Exchange (CSE), the company disclosed that its Board of Directors approved the issuance of 30 million Listed, Rated, Senior, Unsecured, Redeemable Debentures at Rs. 100 each, with provisions to expand the offering to 50 million debentures (Rs. 5 billion) in case of oversubscription. The debentures, carrying a fixed interest rate compliant with Central Bank of Sri Lanka (CBSL) guidelines, will have a five-year tenor and are slated for listing on the Colombo Stock Exchange (CSE) pending regulatory approvals. 

The funds are expected to strengthen Siyapatha’s capital base, enhance liquidity, and support strategic growth initiatives amid a dynamic economic landscape. “This issuance underscores our commitment to prudent financial management and long-term stability,” the company stated.

The debenture issue hinges on approvals from Sri Lanka’s Securities and Exchange Commission and other bodies. Siyapatha specializes in leasing, savings, and loan products.