Tuesday Mar 17, 2026
Tuesday Mar 17, 2026
Monday, 16 March 2026 04:39 - - {{hitsCtrl.values.hits}}
Siyapatha Finance PLC has received approval in principle from the Colombo Stock Exchange (CSE) to list a new issue of rated, subordinated, unsecured and redeemable debentures.
The company plans an initial issue of 20 million five-year debentures carrying a fixed interest rate of 11.50% per annum, payable annually with an annual effective rate (AER) of 11.50%.
The company also retains the option to issue up to an additional 10 million debentures in the event of an oversubscription of the initial tranche. A further option exists to issue up to another 7.5 million debentures if demand remains strong following the second tranche.
If fully subscribed with all additional tranches exercised, the total issue size could reach Rs. 3.75 billion.
The subscription list for the debenture issue is scheduled to open on 20 March 2026.
The People’s Bank Investment Banking Unit has been appointed as the manager to the issue.
