Sarvodaya Finance Rs. 2 b debenture issue snapped up on opening day

Thursday, 9 October 2025 05:42 - - {{hitsCtrl.values.hits}}

Sarvodaya Development Finance PLC’s (SDF) Rs. 2 billion listed debenture issue was snapped up on its opening day yesterday.

SDF issued 10 million Tier 2 listed, rated, unsecured, subordinated, redeemable, five-year (2025/2030) high-yield Sustainable Bonds of Rs. 100 each to raise Rs. 1 billion, with an option to issue an equal amount in the event of an oversubscription of the initial issue.

SDF said it received applications for over Rs. 2 billion and, accordingly, the issue has been oversubscribed.

The basis of allotment will be notified to the Colombo Stock Exchange in due course.