Abans Finance debenture issue closes today, initial Rs. 1 b offer oversubscribed

Monday, 27 April 2026 00:22 - - {{hitsCtrl.values.hits}}

Company to exercise discretion to issue additional debentures to raise further Rs. 500 m

Abans Finance PLC yesterday announced that its debenture issue has been oversubscribed, having received applications exceeding Rs. 1 billion for the initial tranche.

The issue comprised an initial offering of 10 million listed, rated, senior, unsecured, redeemable debentures at a par value of Rs. 100 each, aiming to raise Rs. 1 billion, with an option to issue a further 5 million debentures to raise an additional Rs. 500 million in the event of oversubscription.

Following the strong investor response, the company said the issue will close at 4:30 p.m. on 27 April, in line with the terms set out in the prospectus. Accordingly, the initial tranche of 10 million debentures will be fully subscribed, while the company retains the discretion to issue up to an additional 5 million debentures to accommodate applications received after the announcement of the oversubscription.

The total fundraising under the issue is capped at Rs. 1.5 billion.

Abans Finance said the basis of allotment will be notified to the Colombo Stock Exchange in due course.