Asia Asset Finance in Sri Lanka is set to raise up to Rs. 3 billion through a debenture sale, aiming to strengthen its financial base and expand business operations.
Sri Lanka’s Asia Asset Finance plans debenture issue to strengthen capital
Sri Lanka-based finance company, Asia Asset Finance Plc, announced plans to raise Rs. 3 billion by issuing 30 million listed, rated, subordinated, unsecured, redeemable debentures priced at 100 rupees each. The debentures will carry a tenor of five years, according to a filing with the Colombo Stock Exchange.
The company stated that the coupon frequency and interest rates will be finalized closer to the signing of the Trust Deed, reflecting prevailing market conditions at that time. The debenture issue is subject to obtaining approvals from all relevant regulatory authorities before execution.
Asia Asset Finance intends to list the debentures on the Colombo Stock Exchange, providing investors with a secure and transparent investment opportunity. The move underscores the company’s commitment to capital expansion while maintaining regulatory compliance and market confidence.
By issuing these debentures, Asia Asset Finance aims to reinforce its funding base, support business growth, and attract institutional and individual investors seeking long-term investment options in Sri Lanka’s financial market.