PLC to raise Rs. 15 b via five-year debenture issue

Tuesday, 2 December 2025 02:45 - - {{hitsCtrl.values.hits}}

People’s Leasing and Finance PLC said its Board has approved a listed, rated, unsecured, subordinated and redeemable debenture issue of up to 150 million units to raise Rs. 15 billion.

The proposed issue, with a five-year tenure, has received approval from the Central Bank. The company said the offering will proceed subject to remaining regulatory clearances with plans to list the debentures on the Colombo Stock Exchange. The proceeds are expected to strengthen the company’s funding base and support its lending operations.

PLC reported a total asset base of Rs. 276.8 billion as of end-September 2025, up 25.5% from six months earlier on Rs. 19.2 billion in stated capital and Rs. 25.7 billion in retained earnings.

The company reported net assets of Rs. 23.27 per share as of end-September 2025.