LCB Finance allots Rs. 195 m from Tier 2 Bond issue

Wednesday, 22 October 2025 00:16 - - {{hitsCtrl.values.hits}}

Lanka Credit and Business Finance PLC (LCB Finance) said yesterday it has completed the allotment of its 2025–2030 Tier 2 listed rated unsecured subordinated redeemable high-yield Bonds worth Rs. 195 million.

The company said the Board of Directors approved the allotment of 1,950,000 Bonds, representing 100% of the issue, to eligible applicants. The date of allotment was 17 October 2025.

The Bond issue initially comprised 7.5 million high-yield bonds, each with a par value of Rs. 100, under Type A and Type B 2025–2030 tranches. The company also had the option to issue a further 7.5 million Bonds in the event of an oversubscription, to raise up to Rs. 1.5 billion in total.

The listed Bonds qualify as Tier 2 capital under the Central Bank’s regulatory framework and are intended to strengthen the company’s capital adequacy and support business expansion.