Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC plans to raise Rs. 5 billion through its debenture issue.
The Board of Directors of Siyapatha Finance PLC approved the decision to raise funds through the issuance of listed, rated, senior, unsecured, redeemable debentures on March 25, 2025. The initial offering stands at Rs. 3 billion with an option to extend by an additional Rs. 2 billion (1 billion each), bringing the total potential issuance to Rs. 5 billion. With a five-year tenure, these debentures are poised to offer investors a fixed interest of 11.40 % p.a. payable annually (AER 11.40%).
The proceeds from this issuance are apportioned for the expansion of Siyapatha Financ’s lending portfolio, highlighting the company’s commitment to fostering sustainable growth and strategic investment opportunities in alignment with its long-term vision.
Managing Director, Siyapatha Finance, Ananda Seneviratne said, “As Siyapatha Finance PLC reaffirms its commitment to fostering financial inclusivity and driving economic growth in Sri Lanka, we’re confident that this will enable us to continue providing innovative and sustainable financial solutions to our valued customers.” Fitch Ratings has affirmed Siyapatha Finance PLC’s National Long-Term Rating at A(lka) with a Stable Outlook.
