📈 Abans Finance Secures CSE Approval for Rs. 1.5 Bn Debt Issue

The Colombo Stock Exchange (CSE) has granted in-principle approval for the listing of senior, unsecured, redeemable five-year (2026/2031) debentures by Abans Finance PLC. • Issue Details: The initial tranche consists of 10 million debentures at a face value of Rs. 100 each. An option to issue an additional 5 million debentures in the event of oversubscription brings the total potential issue size to Rs. 1.5 Bn. • Interest Rate Structures: Investors can choose between two types of debt securities: Type A: Fixed interest rate of 12.50% p.a., payable annually. Type B: Floating interest rate set at AWPLR + 2%, payable semi-annually. • Strategic Context: Managed by NDB Investment Bank, this move allows the financial services provider to diversify its funding base and strengthen its long-term capital position within the Sri Lankan market. _Note: Based on official CSE listing approval data._