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 |
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| 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 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.
- Application Guidelines
- Investors must apply for only one type of debenture (Type A, B, C, or D) per application form.
- Separate application forms and payments are required for applying for multiple debenture types.
- Minimum subscription: LKR 10,000.
- Applications exceeding the minimum must be in multiples of LKR 10,000.
- Applications that do not conform to the Prospectus or are incomplete/illegible may be rejected.
- Ensure the Following
- CDS account number and bank account details are correctly entered.
- Bank account format:
- Bank code: 4 digits (e.g., 1234).
- Branch code: 3 digits (e.g., 001).
- Account number: Add leading zeroes if necessary.
- The value of debentures applied matches the payment confirmation.
- Accepted Payment Methods
- RTGS transfers, CEFTS, SLIPS, or Internal Direct Transfers only.
- Multiple electronic fund transfers for one application are not allowed.
- Payment Details
- For amounts up to LKR 5,000,000: CEFTS/SLIPS/RTGS transfer.
- For amounts above LKR 5,000,000: RTGS/Internal Direct Transfer only.
- Bank Details
- Account Name: Asia Asset Finance PLC Debenture Issue 2024
- Bank: DFCC Bank PLC
- Branch: City Office Branch
- Account Number: 102073574762
- Bank Code: 7454
- Branch Code: 007
- Ensure to include your CDS account number in the bank remarks to prevent any processing issues with the payment.
- Please ensure to save the payment confirmation, as it is required to be submitted with the application.
- Steps to Complete the Application
- Log in to CAL Online at portal.cal.lk
- Navigate to the “Debenture Issue” section.
- Make the payment and have the payment confirmation ready to upload during the application process.
- Follow the on-screen instructions to fill in the application form.
- Submit the completed application form.
- Confirmation
- A soft-copy of the application will be emailed to the provided email address upon submission.
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