Siyapatha Finance Rs. 3.75 b debenture issue oversubscribed

Monday, 23 March 2026 03:29 - - {{hitsCtrl.values.hits}}

Siyapatha Finance PLC said its debenture issue had been oversubscribed, with applications received exceeding the targeted Rs. 3.75 billion, prompting the company to close the offer last Friday.

The issue comprised an initial tranche of 20 million listed, rated, subordinated, unsecured redeemable debentures, with an option to issue a further 10 million in the event of oversubscription. The company also retained an additional option to issue up to a further 7.5 million debentures upon oversubscription of both the initial and second tranches, enabling it to raise a maximum of Rs. 3.75 billion.

Siyapatha Finance confirmed that subscriptions had exceeded the full issue size, reflecting strong investor appetite for fixed-income instruments amid prevailing market conditions.

Accordingly, the issue was declared closed at 4.30 p.m. on 20 March, in accordance with the terms outlined in the prospectus. The company said the basis of allotment of debentures will be notified to the Colombo Stock Exchange in due course.