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First Capital concludes Rs. 2 b debenture issue 

04 Feb 2021

  • Oversubscribed on opening day

  [caption id="attachment_117782" align="alignright" width="545"] First Capital Holdings PLC CEO Dilshan Wirasekara  [/caption] The listed, rated, unsecured, senior, redeemable debenture issue ofFirst Capital Holdings PLC, with a five-year tenure, was oversubscribed on its opening day, 1 February. First Capital Holdings PLC, having received a substantial number of applications, decided to exercise the option of increasing the issue up to Rs. 2 billion.  Commenting on the Issuance, First Capital Holdings PLC Director/CEO Dilshan Wirasekara said the oversubscription of the debenture issuance reflected the confidence that the public and the investor community have placed on us, given First Capital’s three decades of financial stability, performance, and governance framework. Offering investors with an investment option at a critical juncture in the economic revitalisation of the country, the issuance provides optimum returns amidst a very low interest rate environment. First Capital expressed its delight that its corporate finance division was able to jointly manage this issue with the People’s Bank investment banking unit. First Capital’s debt structuring business alone has reported impressive growth in 2020 and continues its momentum this year, having helped corporate raise Rs. 42 billion. First Capital is a member of the Janashakthi Group, focused on delivering “performance first” through its operations as primary dealer, stockbroker, corporate advisory, debt structuring, and wealth management.  First Capital Holdings PLC is rated (SL) A with a stable outlook by ICRA Lanka Ltd.   


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