Colombo, Sri Lanka – 30 September 2026 – People’s Leasing & Finance PLC (PLC) today announced the successful basis of allotment for its highly anticipated PLC Debenture Issue 2026, confirming the allocation of over 100 million debentures valued at Sri Lankan Rupees Ten Billion (LKR 10,000,000,000/-).
The announcement, made on September 29, 2026, by the Registrars to the Issue, Central Depository Systems (Pvt) Limited, details the allocation strategy following an overwhelming response from investors. The company had received subscriptions exceeding its target, prompting a structured allotment process to ensure fair distribution among various investor categories.
Oversubscription and Allotment Decision
The PLC Debenture Issue 2026 garnered significant interest, with subscriptions surpassing the initial offering of One Hundred Million (100,000,000) Debentures, amounting to LKR 10 Billion. Consequently, People’s Leasing & Finance PLC resolved to proceed with the allotment of these debentures on September 30, 2026.
Detailed Basis of Allotment
The company has confirmed the allocation of the 100,000,000 debentures based on the following criteria, as outlined in the announcement and Section 6.7 of the Prospectus dated September 18, 2026:
- Allotments on a Preferential Basis: A total of 65,050,000 Debentures have been allocated to identified investors as per the preferential basis stipulated in the Prospectus.
- Investors Applying Up to 1,000,000 Debentures: These investors will receive 100% of the debentures they applied for.
- Other Investors (Applying Over 1,000,000 Debentures): For applications exceeding 1,000,000 Debentures, investors will be allotted 1,000,000 Debentures plus 84.90% of any balance unallotted application amount. This amount will be rounded to the nearest 100 Debentures.
Any minor differences arising from the rounding adjustments are to be managed by adjusting the allocation of the largest debenture applicant whose application amount has not been fully met, ensuring the total allocation matches the issue size.
Market Confidence and Financial Strength
The successful closure and allotment of the PLC Debenture Issue 2026 underscore strong investor confidence in People’s Leasing & Finance PLC’s financial stability and future growth prospects. This capital infusion is expected to further strengthen the company’s lending portfolio and operational capabilities, contributing to its continued leadership in Sri Lanka’s non-banking financial sector.
The Registrars to the Issue, Central Depository Systems (Pvt) Limited, facilitated the smooth execution of the subscription and allotment process, ensuring transparency and adherence to regulatory guidelines.
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