Asia Asset Finance to raise up to Rs.1bn via listed debentures

Asia Asset Finance PLC yesterday revealed plans to raise Rs.1 billion via debentures.

The company plans to issue 7.5 million listed, redeemable, rated debentures at a par value of Rs.100 each with an option to issue up to a further 2.5 million of the said debentures at the discretion of the company in the event of an oversubscription of the initial issue. 

The official opening of the subscription list is scheduled on September 29, 2020.

Muthoot Finance Limited holds 90.5 million shares or 73 percent of the issued shares of the company.

The Managers to the issue is Capital Alliance Partners Limited while P.W. Corporate Secretarial (Pvt) Limited functions as the Registrars to the issue.