FINANCIAL CHRONICLE – Abans Finance, a subsidiary of the Abans Group in Sri Lanka, has announced that it has received preliminary approval from the Colombo Stock Exchange to issue debentures totaling 1.5 billion rupees. These debentures will feature a fixed interest rate of 12.50 percent as well as a floating rate linked to the Average Weighted Prime Lending Rate (AWPLR) plus an additional 2.00 percent.
The Type A debentures will offer a fixed annual interest rate of 12.50 percent, which will be disbursed on an annual basis, ensuring an effective rate of 12.50 percent per annum. In contrast, the Type B debentures will provide a floating interest rate calculated as AWPLR plus 2.00 percent, with interest payments made semi-annually, according to a recent filing with the stock exchange.
The subscription period for these debentures will commence on April 24. NDB Investment Bank Limited has been appointed as the issue manager for this offering. (Colombo/April 21, 2026)
