Abans Finance gets CSE nod for Rs. 1.5 b debt issue

Wednesday, 22 April 2026 00:21 - - {{hitsCtrl.values.hits}}

The Colombo Stock Exchange yesterday said it has granted in-principle approval for the listing of proposed debt securities of Abans Finance PLC.

The proposed issue comprises an initial tranche of 10 million listed, rated, senior, unsecured, redeemable five-year (2026/2031) debentures at a face value of Rs. 100 each. The company has the option to issue a further 5 million debentures in the event of an oversubscription, taking the total issue size to a maximum of 15 million debentures.

Accordingly, the total value of the issue will not exceed Rs. 1.5 billion.

The debentures will be offered in two types. Type A debentures will carry a fixed interest rate of 12.50% per annum, payable annually, while Type B debentures will offer a floating interest rate based on the Average Weighted Prime Lending Rate plus 2%, payable semi-annually.

NDB Investment Bank has been appointed as the manager to the issue.