Overview

Asia Asset Finance PLC invites investors to participate in its issuance of Listed Rated Unsecured Senior Redeemable Debentures, structured to support business expansion and offer attractive fixed interest rates over 3 and 5-year tenures.

The initiative underscores Asia Asset Finance’s commitment to providing diversified investment opportunities, maintaining transparency, and adhering to regulatory compliance, thus fostering confidence among investors.

Issuer Asia Asset Finance PLC
Instrument Listed Rated Unsecured Senior Redeemable Debentures
Number of Debentures to be Issued An initial issue of up to Ten Million (10,000,000) Debentures with an option to issue up to a further Ten Million (10,000,000) debentures in the event of an oversubscription of the initial issue at the discretion of the Company and in such event, the maximum issue of said debentures totalling to Twenty million (20,000,000)
Amount to be Raised LKR 2,000,000,000 (Sri Lankan Rupees Two Billion)
Entity Rating “A+(lka)” /Stable by Fitch Ratings Lanka Limited
Issue Rating “A+(lka)’’ by Fitch Ratings Lanka Limited
Issue Price LKR 100.00 (Sri Lankan Rupees One Hundred)
Tenure of Debentures 3 Years (2024/2027) 5 Years (2024/2029)
Interest Rates
Type Tenure Type of Interest Interest Rate (per annum) Interest Payment Frequency AER
A 3 Year Fixed 12.20% Annual 12.20%
B 3 Year Fixed 11.85% Semi-Annual 12.20%
C 5 Year Fixed 13.00% Annual 13.00%
D 5 Year Fixed 12.60% Semi-Annual 13.00%
Minimum subscription Minimum subscription per application is 100 debentures (LKR10,000/-) and Applications exceeding the minimum subscription should be in multiples of 100 debentures (LKR10,000/-)

Guidelines and Instructions for Debenture Application

  • Eligibility
  • Guidelines
  • Payment
  • How to Apply
  • Eligibility for Submission of Digital Application Forms
    • Individual citizens of Sri Lanka (residents or non-residents).
    • Applicants aged 18 years or above.
    • Payments made using CEFTS, SLIPS, or RTGS transfers only.
    • A CDS account is mandatory to apply for the debenture, but it does not have to be from CAL Securities.
  • Applications Not Facilitated via Digital Forms
    • Applications through Powers of Attorney (POA), Margin Trading, or Joint Applicants.
    • Categories listed in Section 6.1 (b), (c), (d), (e), and (f.i) of the Prospectus.
    • Payment methods such as cheque, bank draft, or bank guarantee.
  • Physical Applications
    • Applicants falling under the ineligible categories should submit applications physically as stated in the Prospectus.

Submit your application for the debenture issue online now

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