Siyapatha Finance to issue Rs. 3.75 b debentures

Tuesday, 17 March 2026 06:58 - - {{hitsCtrl.values.hits}}

Reinforcing commitment to growth

Siyapatha Finance PLC has announced its decision to raise a maximum of Rs. 3.75 billion through its debenture issue.

The Board of Directors approved the decision to raise funds through the issuance on 26 August 2025 and on the 28 October 2025.

Fitch Ratings has assigned Siyapatha Finance PLC’s (A (lka)/Stable) proposed Sri Lankan rupee -denominated subordinated debentures up to Rs. 3.75 billion a final National Long-Term Rating of “BBB+(lka).”

The initial offering stands at Rs. 2 billion, with an option to extend by an additional Rs. 1.75 billion, bringing the total potential issuance to a maximum of Rs. 3.75 billion. With a five-year tenure, these debentures are poised to offer investors at a fixed interest of 11.50% p.a payable annually (AER 11.50%).

The proceeds from this issuance are apportioned for the expansion of Siyapatha Financ PLC’s lending portfolio, highlighting the company’s commitment to fostering sustainable growth and strategic investment opportunities in alignment with its long-term vision.

Chief Executive Officer Mathisha Hewavitharana said: “As Siyapatha Finance PLC reaffirms its commitment to fostering financial inclusivity and driving economic growth in Sri Lanka, we’re confident that this will enable us to continue providing innovative and sustainable financial solutions to our valued customers.”