Sunday Aug 24, 2025
Sunday Aug 24, 2025
Friday, 22 August 2025 00:28 - - {{hitsCtrl.values.hits}}
Alliance Finance Company PLC (AFC) said its Rs. 2 billion Social Bond issue was oversubscribed yesterday on the opening day, prompting the lender to close subscriptions.
The Colombo-listed finance company offered up to 20 million listed, rated, unsecured senior redeemable Social Bonds at a par value of Rs. 100 each. The issue, aimed at raising Rs. 2 billion, received applications exceeding the targeted amount, the stock exchange filing said.
The basis of allotment will be announced to the Colombo Stock Exchange in due course.
AFC will use 75% of the proceeds to support micro, small, and medium enterprises and rural entrepreneurs through value chain financing.
The balance 25% will be used exclusively to provide microfinance to women in underserved communities.
