First Capital Rs. 3 b debt issue oversubscribed on opening day

Wednesday, 24 September 2025 00:23 - - {{hitsCtrl.values.hits}}

First Capital Holdings PLC said its Rs. 3 billion debenture issue had been oversubscribed on the opening day yesterday.

The issue comprised 10 million listed, rated, senior unsecured redeemable debentures of Rs. 100 each, with options to issue a further 20 million debentures in the event of oversubscription.

Applications received exceeded Rs. 3 billion, leading the company to close subscriptions at 4.30 p.m. yesterday in line with the prospectus.

First Capital said the basis of allotment will be communicated to the Colombo Stock Exchange in due course.