Company filings, disclosures and news on People's Leasing & Finance PLC (PLC), Finance/Rental/Leasing on the Colombo Stock Exchange.
People's Leasing & Finance PLC said its Rs10 billion debenture issue was oversubscribed with subscriptions for 100,000,000 debentures; the company allotted the debentures on 30 Sep 2026, giving 65,050,000 to identified investors and pro rata allocations for other applicants.
Colombo Stock Exchange trended up with the ASPI rising 117.10 points (0.56%) to 20,934.92 by mid‑morning and the S&P SL20 up 0.45% at 5,922.74. Top contributors included Singer, Ceylon Cold Stores, LOLC Finance and Dialog; turnover was Rs.186.49m and People's Leasing said it allotted its fully subscribed Rs.10bn listed debentures.
Colombo stock market ended the week marginally lower (ASPI down 0.09% to 21,037.35) with subdued investor sentiment ahead of next Wednesday's Central Bank Monetary Policy announcement; market turnover was below Rs.815m and foreign investors were net sellers of Rs.193.3m.
People's Leasing & Finance PLC said its debenture issue closed oversubscribed after receiving applications for over Rs.10 billion; the company had offered an initial Rs.5 billion (50 million debentures) with the option to raise up to Rs.10 billion and will notify the basis of allotment to the CSE.
Colombo Stock Exchange opened higher: ASPI +0.12% (21,109.70), S&P SL20 +0.23% (5,960.94); turnover Rs147.41m, materials led Rs35.96m. Movers included Commercial Bank, Hemas and Industrial Asphalts up, ACL Cables and Haycarb down; People's Leasing debenture was oversubscribed and Colombo Dockyard disclosed director trades.
People's Leasing & Finance PLC received CSE approval in principle to list a Rs.10 billion subordinated unsecured five-year debenture issue (initial 50m units, 13.75% p.a.; option for additional 50m if oversubscribed); subscription opens Wednesday. Fitch rated the debentures 'BBB+(lka)' and PLC's issuer rating is 'A(lka)'; proceeds will bolster Tier-2 capital.
Colombo Stock Exchange ASPI rose 0.16% to 21,056.26 on Friday (S&P SL20 up 0.07%) while the ASPI ended the week down 326.48 points. Market turnover was Rs 1.34bn; People's Leasing plans to list Rs 10bn of 13.75% debentures and DFCC Bank allotted its Rs 12.5bn Tier-2 debenture issue.
People's Leasing & Finance (PLC.N0000) plans to list Rs 10 billion of five-year subordinated debentures carrying a fixed 13.75% p.a. interest. The issue is 100 million units at Rs100 each (AER 13.75%), CSE has approved listing in principle and subscription opens Sept 23.
Fitch assigned People's Leasing & Finance PLC's proposed Rs.10 billion five-year Sri Lankan rupee-denominated subordinated listed debenture a final National Long-Term Rating of 'BBB+(lka)'; proceeds will be used to strengthen Tier 2 capital and maintain capital adequacy.
Fitch assigned People's Leasing & Finance PLC's proposed LKR10 billion five-year subordinated listed debenture a final National Long-Term Rating of 'BBB+(lka)'. Proceeds are intended to strengthen Tier 2 capital; the debenture rating is two notches below PLC's national rating.
Sri Lanka People's Leasing & Finance PLC's proposed LKR10 billion five-year subordinated listed debenture has been assigned a final National Long-Term Rating of 'BBB+(lka)' by Fitch; proceeds are planned to bolster Tier 2 capital and maintain capital adequacy.
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