Sri Lanka’s First Capital Holdings is set to raise 3 billion rupees through a debenture sale, marking a significant investment opportunity for local investors. The sale has received approval from the Colombo Stock Exchange, signaling confidence in the offering.
First Capital launches debenture sale to raise 3 billion rupees from investors.
Sri Lanka’s First Capital Holdings has officially received approval from the Colombo Stock Exchange to issue debentures worth up to 3 billion rupees. The offering will initially include 10 million listed, rated, senior, unsecured, redeemable debentures with a tenure of five years, each priced at 100 rupees.
In the event of oversubscription, First Capital plans to release an additional 10 million debentures. Should demand exceed this second tranche, a further 10 million debentures will be offered, reflecting strong market interest in the company’s investment instruments.
The subscription list for the First Capital debentures opens on September 23, providing investors with an opportunity to participate in this structured financial product. Analysts expect this issuance to attract both retail and institutional investors due to its competitive structure and reliable returns.
With a focus on transparency and market compliance, First Capital Holdings aims to strengthen its capital base and expand its financial services portfolio through this debenture issuance. Investors are advised to review the terms carefully and consider the potential benefits and risks associated with the investment.