FINANCIAL CHRONICLE – People’s Leasing & Finance, a subsidiary of People’s Bank in Sri Lanka, has successfully secured a five-year term loan facility amounting to 10 billion rupees through the issuance of trust certificates via a private placement.

This loan facility, which is unlisted, unrated, unsecured, and subordinated, aims to enhance the company’s Tier 2 capital, as stated in a recent announcement to the stock exchange.

The company highlighted that this strategic move bolsters its capital structure and aligns with its growth objectives while meeting the Capital Adequacy requirements.

The central bank has granted approval for these funds to be classified as Tier 2 capital, adhering to the regulations set forth in the Finance Business Act (Capital Adequacy Requirements) Direction No. 3 of 2018. (COLOMBO/Apr2/2026)