Siyapatha Finance PLC to issue LKR 5 billion debentures, reinforcing 20 years of trust

Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC  and a prominent leader distinguished in Sri Lanka’s non-bank financial sector,  announced its decision 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 25^th March , 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 at 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 PLC ‘s lending portfolio, highlighting the company’s commitment to fostering sustainable growth and strategic investment opportunities in alignment with its long-term vision.

“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,” stated Mr. Ananda Seneviratne, Managing Director of Siyapatha Finance PLC.

Established in 2005 and regulated by the Central Bank of Sri Lanka (CBSL), Siyapatha Finance PLC has garnered and secured a reputation as a premier finance company, renowned for its commitment to excellence and customer-centric financial solutions. With a dedicated team of over 1000 professionals, the company has expanded its footprint to encompass 53 branches strategically located across the island.

A listed entity on the Colombo Stock Exchange (CSE) , Siyapatha Finance PLC  soon evolved into Sampath Bank’s largest subsidiary. Its diverse portfolio encompasses finance leases,fast draft,, loans, gold financing, revolving loans , factoring  and an array of other financial services.

Fitch Ratings has affirmed Siyapatha Finance PLC ’s National Long-Term Rating at A(lka) with a Stable Outlook, endorsing the company’s solid financial standing with   promising growth trajectory and the  proposed senior, unsecured debenture is rated at the same level as its National Long-Term Rating, as it constitutes   its direct, unconditional, unsecured and un-subordinated obligation.