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Written by • 12:50 pm• Corporate • Views: 48

Abans Finance Debenture Issue Attracts Strong Investor Demand Following CSE Listing

The company’s initial issue of 10 million listed, rated, senior, unsecured and redeemable five-year debentures valued at Rs. 100 each was rapidly oversubscribed, reflecting strong investor interest in the debt market.

Abans Finance Debenture Issue Attracts Strong Investor Demand Following CSE Listing

According to officials, subscriptions reached 13,384,000 debentures with a total value of Rs. 1.338 billion.

Abans Finance, a licensed non-banking financial institution under the Abans Group, currently operates through nine branches, nine customer centres, and four kiosks across the country. The company provides services including leasing, hire purchase, mortgage loans, personal loans, real estate development, and savings deposits.

The company stated that funds raised through the debenture issue will be used to strengthen its asset base, expand its loan portfolios, and accelerate its digital transformation initiatives.

The debenture issue carries an “A- (lka)” rating from Fitch Ratings Lanka and was managed by NDB Investment Bank.

Speaking at the event, Abans Finance Chairperson K.J.C. Perera said:

“This milestone underscores strong investor confidence in Abans Finance PLC and strengthens our capital base as we advance our strategy for sustainable growth and innovation.”

Meanwhile, CSE Chief Executive Officer Rajeeva Bandaranaike highlighted the growing use of the capital market for corporate funding.

“Today’s listing of the debt issue by Abans Finance PLC reflects a broader engagement by companies to use the capital market for their funding requirements,” he said.

He further noted that approximately Rs. 95 billion was raised through debt instruments in 2024, Rs. 113 billion in 2025, and nearly Rs. 60 billion so far in 2026.

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Last modified: May 13, 2026