Siyatha Finance to offer Rs 1 bn debentures

The Board of Directors of Siyatha Finance PLC (a member of the Sampath Bank Group), in a CSE filing, has resolved to issue debentures by way of a public offer subject to the approval of the Central Bank of Sri Lanka.

The company plans to offer 10 million Listed Rated Unsecured Subordinated Redeemable Debentures of the par value of Rs 100 each, aggregating to the value of Rs I billion.