First Capital Holdings Rs. 2 b debenture issue snapped up on opening day

Friday, 5 February 2021 00:00 - - {{hitsCtrl.values.hits}}

First Capital Holdings CEO Dilshan Wirasekara

The Listed, Rated, Unsecured, Senior, Redeemable Debenture Issue of First Capital Holdings PLC with a tenure of five years was successfully oversubscribed on the 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/Chief Executive Officer 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 financial stability, strong performance, robust governance framework and trust proven over three decades.

Offering investors with a reliable 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.

“We are pleased that our 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 corporates 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. With over three decades of expertise in providing capital market solutions, First Capital Holdings PLC is the only listed full-service investment institution in Sri Lanka. First Capital Holdings PLC is rated [SL]A with Stable outlook by ICRA Lanka Ltd.

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.