COLOMBO, Sri Lanka – 18 September 2026 – People’s Leasing & Finance PLC (PLC), a prominent non-bank financial institution in Sri Lanka, is set to raise significant capital through the issuance of Listed, Rated, Subordinated, Unsecured, Redeemable Debentures. The Colombo Stock Exchange (CSE) has granted in-principle approval for the listing of these debt securities, paving the way for a substantial investment opportunity in the local market.
The announcement, made today by the CSE, details an initial offering of Fifty Million (50,000,000) debentures, with an option to issue up to an additional Fifty Million (50,000,000) debentures at the company’s discretion in the event of an oversubscription. This strategic move aims to raise a maximum aggregate amount of Sri Lankan Rupees Ten Billion (LKR 10,000,000,000/-).
Key Details of the Debenture Issue
Investors looking for a stable return will find these debentures attractive. The issue features:
- Interest Rate: A fixed interest rate of 13.75% per annum, payable annually (AER 13.75%).
- Tenor: A maturity period of five (5) years, from 2026 to 2031.
- Nature: The debentures are listed, rated, subordinated, unsecured, and redeemable.
- Total Issue Size: Up to 100,000,000 debentures, targeting LKR 10 billion.
The subscription list for this debenture issue is scheduled to open on 23rd September 2026, offering investors a timely opportunity to participate in PLC’s growth trajectory.
Partnerships in Issuance
To facilitate this significant offering, People’s Leasing & Finance PLC has appointed experienced financial institutions as its partners:
Joint Managers to the Issue:
- People’s Bank Investment Banking Unit
People’s Tower, 18th Floor, No. 374, Dr. Colvin R. de Silva Mawatha, Colombo 02. - HNB Investment Bank (Private) Limited
No. 53, Dharmapala Mawatha, Colombo 03.
Registrars to the Issue:
- Central Depository Systems (Private) Limited
Ground Floor, M & M Center, No. 341/5, Kotte Road, Rajagiriya.
Softcopies of the Prospectus detailing the full terms and conditions of the debenture issue were made available to Trading Participants today, 18th September 2026. This issuance underscores People’s Leasing & Finance PLC’s commitment to strengthening its capital base and supporting its operational and expansion strategies in the dynamic Sri Lankan financial sector.
Source: Read original document
