Strategic Move to Strengthen Lending Portfolio and Support Sri Lanka Capital Market Growth
Siyapatha Finance PLC, a leading non-bank financial institution and a subsidiary of Sampath Bank PLC, has announced plans to raise up to Rs. 5 billion through a debenture issuance—further strengthening its position in the Sri Lanka capital market.
The company’s Board of Directors approved the issuance on March 25, which will consist of listed, rated, senior, unsecured, redeemable debentures. The initial offering is valued at Rs. 3 billion, with the provision to extend by an additional Rs. 2 billion (Rs. 1 billion each), depending on investor response.
These five-year tenure debentures will offer a fixed interest rate of 11.40% per annum, payable annually (AER 11.40%), positioning them as a strong option for investors seeking stable, long-term returns.
Proceeds from the issuance will be allocated toward expanding Siyapatha Finance’s lending portfolio, demonstrating the company’s commitment to long-term sustainable growth and financial inclusion.
Ananda Seneviratne, Managing Director of Siyapatha Finance PLC, stated:
“As Siyapatha Finance PLC reaffirms its commitment to fostering financial inclusivity and driving economic growth in Sri Lanka, we are confident that this initiative will enable us to continue delivering innovative and sustainable financial solutions to our customers.”
This capital market move supports the broader national agenda of reinforcing private sector participation in financial markets and contributes to the ongoing development of the Sri Lanka capital market.