Abans Finance to raise Rs. 1.5bn via debenture issue

Abans Finance PLC has announced plans to raise up to Rs. 1.5 billion through the issuance of Listed, Rated, Senior, Unsecured, Redeemable Debentures. 

The company formally notified the Colombo Stock Exchange (CSE) of the decision on Friday.

According to the corporate disclosure, the Board of Directors has approved the issuance of up to 15 million debentures, with the total value of the issue capped at Rs. 1.5 billion. The issuance is currently subject to obtaining the necessary regulatory and other approvals.

The proposed debt issuance comes amidst a period of robust financial growth for the company. For the six months ended September 30, 2025, Abans Finance reported a Profit After Tax of Rs. 317.18 million, marking a significant 111 percent increase compared to the Rs. 150.54 million recorded during the same period in the previous year.

The company’s balance sheet has also seen expansion, with total assets growing by 19 percent to reach Rs. 15.99 billion as of September 30, 2025, up from Rs. 13.48 billion recorded at the end of March 2025.

Abans Finance maintains a healthy capital position, reporting a Total Capital Adequacy Ratio of 18.80 percent as of September 30, 2025, which is well above the regulatory minimum requirement of 12.50 percent. The company currently holds a credit rating of ‘A-(lka)’ with a Stable Outlook from Fitch Ratings Lanka Ltd.