People’s Leasing and Finance PLC has raised Rs. 10 billion through its 2026 debenture issue. Subscriptions exceeded the maximum 100 million debentures on offer, the company said.
The issue opened with 50 million listed, rated, subordinated, unsecured, redeemable debentures at Rs. 100 each. The company had the option to issue a further 50 million if the offer was oversubscribed, and it exercised that option in full. Subordinated debentures rank below other creditors’ claims if the company is wound up.
The debentures were allotted on 30 September, 2026.
Of the 100 million debentures, 65.05 million went to investors identified on a preferential basis under the prospectus dated 18 September, 2026. The remaining 34.95 million were allotted to other investors.
Among these investors, those who applied for up to 1 million debentures received their full allocation. Those who applied for more received 1 million debentures plus 84.9% of the balance, rounded to the nearest 100 debentures.