FIRST CAPITAL HOLDINGS PLC

First Capital Holdings PLC’s Rs. 3Bn Debenture Issue oversubscribed on opening day

First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and Sri Lanka’s pioneering full-service investment institution, the debenture issue of Rs. 3.0Bn was open for subscription on 23rd September 2025, which was oversubscribed on the very same day.

Rated A+ (Stable) by Lanka Rating Agency Limited, the issue reflects the company’s strong financial  strength and commitment to creating value to investors.

The debenture was structured to offer investors three distinct options to suit their needs. Type A carried a fixed rate of 11.00% per annum, payable annually (AER 11.00%), while Type B offered a fixed rate of 10.71% per annum, payable semi-annually (AER 11.00%). Type C, meanwhile, was linked to a floating rate of the 364-day Treasury Bill plus 2.00% per annum, payable and repriced annually. Each option carried a five-year tenure with capital redemption as a bullet repayment at maturity.

The issue was managed by First Capital Advisory Services (Pvt) Ltd., a fully owned subsidiary of First Capital Holdings PLC, Hatton National Bank PLC acting as the Trustee, Nithya Partners as Legal Counsel, and Central Depository Systems (Pvt) Ltd. as Registrar for the debenture issue.

Commenting on the success, Tharusha Ekanayake, Chief Operating Officer of First Capital Holdings PLC., stated, “This debenture issue was structured to provide investors with a secure and rewarding fixed-income opportunity backed by the strength, expertise, and stability that First Capital represents. The overwhelming response and the oversubscription of the issue on the opening day is a clear testament of the confidence investors continue to place in us.”

This reaffirms First Capital Holdings PLC’s standing as a trusted investment partner, consistently delivering strong returns built on strong credit credentials, proven expertise, and over four decades of leadership in Sri Lanka’s capital markets.