First Capital Holdings’ Rs. 3 b debenture issue oversubscribed on opening day

Friday, 26 September 2025 00:04 - - {{hitsCtrl.values.hits}}

COO Tharusha Ekanayake

First Capital Holdings PLC’s debenture issue of Rs. 3 billion, which was opened for subscription on 23 September, was oversubscribed on the very same day. Rated A+ (Stable) by Lanka Rating Agency Ltd., the issue reflects the company’s strong financial strength and commitment to creating value to investors.

The debenture was structured to offer investors three distinct options to suit their needs. Type A carried a fixed rate of 11.00% per annum, payable annually (AER 11.00%), while Type B offered a fixed rate of 10.71% per annum, payable semi-annually (AER 11.00%). Type C, meanwhile, was linked to a floating rate of the 364-day Treasury Bill plus 2.00% per annum, payable and repriced annually. Each option carried a five-year tenure with capital redemption as a bullet repayment at maturity.

The issue was managed by First Capital Advisory Services Ltd., a fully owned subsidiary of First Capital Holdings PLC, Hatton National Bank PLC acting as the Trustee, Nithya Partners as Legal Counsel, and Central Depository Systems Ltd., as Registrar for the debenture issue.

First Capital Holdings PLC Chief Operating Officer Tharusha Ekanayake said, “This debenture issue was structured to provide investors with a secure and rewarding fixed-income opportunity backed by the strength, expertise, and stability that First Capital represents. The overwhelming response and the oversubscription of the issue on the opening day is a clear testament of the confidence investors continue to place in us.”