Fintrex Finance debuts inaugural issuance of high-yield bond on Colombo Stock Exchange

Monday, 17 March 2025 03:31 - - {{hitsCtrl.values.hits}}

From left: FFL Head of Treasury Yenuka Geemal, Chief Financial Officer Manjula Tennakoon, CSE CEO Rajeeva Bandaranaike, HNBIB Group CEO/Managing Director and CSE Director Ray Abeywardena, HNBIB Chief Strategy Officer Yaveen Jayasekara, FFL Director Shantanu Nagpal, CSE Chairman Dilshan Wirasekara, FFL Chairman Ajit Gunewardene, CEO Jayathilake Bandara, CSE CEO-Designate Vindhya Jayasekera, CRO Renuke Wijayawardhane, HNBIB Senior Associate Vice President Sonali Selvaratnam, and VP Marketing Mohandas V. Thangarajah

Fintrex Finance Ltd. (FFL), a dynamic leader in the non-banking financial realm, marked a significant milestone by issuing the first-ever high-yield bond to be listed on the Colombo Stock Exchange (CSE). The bell ringing ceremony, held on Friday, 14 March 2025 at the CSE Trading Floor, symbolised the company’s dedication to carving out innovative financial solutions and maintaining a steadfast commitment to excellence.

The Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable 5-Year High-Yield Bond, offering up to 5 million bonds at a par value of Rs. 100 per bond, opened on 25 February 2025 and was oversubscribed on the opening day itself. The overwhelming investor response reflects a high demand for high-yield financial instruments and a strong demand for attractive investment opportunities in the market.

Delivering the opening remarks, Colombo Stock Exchange Chairman Dilshan Wirasekara, remarked, “This platform has the potential to significantly enhance the efficiency of capital deployment. Currently, the banking and finance systems account for nearly 90% of capital formation, while capital markets play a much smaller role. However, with increased product diversification and inclusivity, we aim to broaden both the investor and issuance base, making capital raising the standard, not the exception. While the high-yield bond is currently limited to the OTC platform, I trust the regulator will recognise the opportunity to make it tradable on the exchange, fostering greater liquidity and enabling price discovery.”

Fintrex Finance Ltd. Chairman Ajit Gunewardene, stated in his keynote speech, “The listing of Fintrex Finance High Yield Bond on the CSE marks a key milestone in our growth. It reflects years of effort to strengthen our operations, expand our product portfolio, and build lasting customer relationships. The strong investor response highlights confidence in our focused approach. We remain committed to sustaining this momentum and creating value for all stakeholders.”

Fintrex Finance Ltd., incorporated in 2007, has rapidly positioned itself as a prominent financial services provider in Sri Lanka. With a strong focus on empowering businesses and individuals, Fintrex provides leasing, savings, fixed deposits, SME loans, and green loans. The company places particular emphasis on supporting the SME segment, an essential pillar of the nation’s economic development. As the company continues to embrace digital advancements to enhance process efficiencies, it also remains dedicated to ensuring environmentally sustainable operations. With a highly skilled team, Fintrex is poised to make a lasting impact on the financial services landscape, driving both economic growth and value for all stakeholders.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.