Colombo, Sri Lanka – 28 September 2026
People’s Leasing & Finance PLC (PLC) has announced a resounding success for its Debenture Issue 2026, confirming that the offering has been massively oversubscribed, attracting over LKR 10.45 billion. This significant achievement underscores robust investor confidence in the company and the broader Sri Lankan financial market.
According to an announcement made to the Colombo Stock Exchange (CSE) today, the company has received payments through various channels, far exceeding its initial target and even surpassing the maximum permissible issue size of LKR 10 billion. The Debenture Issue 2026 comprised an initial offering of Fifty Million (50,000,000) Listed Rated Subordinated Unsecured Redeemable Debentures, with an option to issue up to a further Fifty Million (50,000,000) debentures in the event of oversubscription. Each debenture holds a par value of Sri Lankan Rupees One Hundred (LKR 100/-), aiming to raise a maximum of LKR 10,000,000,000/- (Ten Billion Rupees).
Strong Investor Uptake Across Multiple Channels
The detailed breakdown of payments received highlights strong participation from a diverse range of investors:
- Payments by Bank Drafts and Cheques: A total of 4,743,200 Debentures were subscribed through 92 applications, amounting to LKR 474,320,000/-.
- Payments by RTGS / Internal Direct Transfers: This category saw significant uptake, with 40 applications contributing to the subscription of 48,303,100 Debentures, valued at LKR 4,830,310,000/-.
- Payments by Letter of Guarantees: Five substantial applications through Letters of Guarantees accounted for 51,500,000 Debentures, bringing in LKR 5,150,000,000/-.
Cumulatively, these payments represent subscriptions for 104,546,300 Debentures, totaling LKR 10,454,630,000/- from 137 applications. This figure comfortably exceeds the maximum LKR 10 billion target, indicating that the optional tranche of debentures has also been fully subscribed and beyond.
Implications for People’s Leasing & Finance PLC
The overwhelming success of the Debenture Issue 2026 is a clear indicator of the market’s confidence in People’s Leasing & Finance PLC’s financial stability, strategic direction, and growth prospects. Such strong demand for the company’s debentures allows PLC to enhance its capital base, supporting its expansion plans and operational activities in the competitive Sri Lankan financial landscape.
The oversubscription also reflects the prevailing positive sentiment among institutional and individual investors towards well-managed and reputable financial institutions listed on the Colombo Stock Exchange. It positions PLC favorably for future capital-raising initiatives and reinforces its standing as a key player in Sri Lanka’s non-banking financial sector.
The company, through its Corporate Solutions Unit and Central Depository Systems (Pvt) Limited, the Registrars to the Issue, has meticulously managed the subscription process, leading to this successful outcome.
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