Colombo, 23 September 2026 – People’s Leasing & Finance PLC (PLC), a prominent non-banking financial institution in Sri Lanka, today announced that its highly anticipated Debenture Issue 2026, aimed at raising a maximum of LKR 10 billion, has been significantly oversubscribed and subsequently closed prematurely on its initial offering date.
The announcement, made to the Colombo Stock Exchange (CSE) this afternoon, confirmed that the company received applications exceeding the maximum target of LKR 10 billion for the listed, rated subordinated unsecured redeemable debentures. Consequently, the issue was officially closed at 4:30 p.m. today, September 23, 2026, in accordance with the terms outlined in the prospectus.
The Offering at a Glance
The Debenture Issue 2026 comprised an initial offering of fifty million (50,000,000) debentures, with an option to issue up to a further fifty million (50,000,000) debentures at the company’s discretion, in the event of an oversubscription. Each debenture carried a par value of Sri Lankan Rupees One Hundred (LKR 100/-), aiming to collectively raise up to LKR 10,000,000,000/-.
These debentures are classified as listed, rated subordinated unsecured redeemable instruments, offering investors an opportunity to participate in PLC’s growth trajectory while providing competitive returns.
Overwhelming Investor Response
The rapid oversubscription underscores strong investor confidence in People’s Leasing & Finance PLC and its financial stability. The ability to attract over LKR 10 billion in applications on the very first day of the offering reflects the market’s positive sentiment towards the company’s performance, strategic direction, and its crucial role within Sri Lanka’s financial sector.
This success is particularly noteworthy in the current economic climate, signaling a healthy appetite among institutional and individual investors for quality investment instruments from well-established entities like PLC.
Next Steps for Investors
Following the immediate closure of the issue, People’s Leasing & Finance PLC has informed the CSE that the basis of allotment for the Debenture Issue 2026 will be communicated in due course. Investors who submitted applications will be notified regarding their allocations once the basis is finalized by the company and the registrars to the issue, Central Depository Systems (Pvt) Limited.
The successful closure of this significant debenture issue is expected to further strengthen PLC’s capital base, enabling it to continue its lending activities and contribute to the economic development of Sri Lanka.
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