Abans Finance recently marked the official listing of its maiden13,384,000 debentures on the Colombo Stock Exchange (CSE) with a bell ringing and market opening ceremony held at the CSE trading floor on Monday (11).
The offer for subscription for the initial issue of ten million listed, rated, senior, unsecured, redeemable five-year (2026/2031) debentures of LKR 100/- each, was rapidly oversubscribed, having received subscriptions for13,384,000 debentures for a value of LKR, 1,338,400,000/-, reflecting strong investor confidence in Abans Finance’s strengths and the debt market.
Abans Finance is a licensed non-banking financial institution and subsidiary of the Abans Group and currently operates with nine branches, nine customer centres and four kiosks in addition to the head office, leveraging on the island wide presence of Abans Group to reach customers across the island. Abans Finance services include finance leasing, hire purchase, mortgage loans, personal loans, real estate development and acceptance of time and savings deposits. Founded in 2006, the Abans Finance was also listed on the CSE in 2011 and enjoys a Fitch Credit Rating of A – (lka) Stable Outlook.
K.J.C. Perera, Chairman of Abans Finance said the company’s debenture issue underscores strong investor confidence and strengthens capital base and strategy for sustainable growth and innovation.
Delivering his welcome address at the event Mr. Rajeeva Bandaranaike, CEO of CSE, remarked upon the debenture listing, stating: “Today’s listing of the debt issue reflects a broader engagement by companies to use the capital market for their funding requirements. More recently we have seen a fair growth in the primary issuances of debt. In 2024 approximately LKR 95 Bn was from debt. In 2025, LKR 113 Bn was raised through debt – and in 2026 approximately LKR 60 bn was raised through debt.”
2025 saw 22 debt listings including 3 new companies listing on the exchange by way of debt initial public offerings (IPOs) including several firsts in the country from GSS+ debt instruments (Green, Social, Sustainability linked), Shariah compliant debt instruments and High Yield Bonds, with access to investors and brokers facilitated by a fully digitized CSE platform, which can be accessed through CSE’s website and mobile app.
Source : Daily News
