Fintrex Finance Limited (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, 14th March 2025 at the CSE Trading Floor, symbolized 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 25th 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, Mr. Dilshan Wirasekara, Chairman of the Colombo Stock Exchange, 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 recognize the opportunity to make it tradable on the exchange, fostering greater liquidity and enabling price discovery.”
Mr. Ajit Gunewardene, Chairman of Fintrex Finance Limited, 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 Limited, 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.
