Assetline Finance announces first-ever Rs. 5 b 'A' rated, listed, senior debenture issue

ASSETLINE Finance Ltd., (AFL), the flagship company under the financial services pillar of David Pieris Holdings, has announced the intention to raise up to Rs. 5 billion through an inaugural issuance of listed, rated, unsecured, senior, redeemable debentures in 2025.

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The landmark initiative marks the company's firstever entry into the listed debt capital market, reflecting AFL's commitment to diversifying funding sources and strengthening long-term growth.

The proposed issue will comprise up to 50 million debentures at a face value of Rs. 100 each, with a tenor of five years. The issuance is subject to obtaining all necessary regulatory approvals, and upon approval, the debentures are expected to be listed on the Colombo Stock Exchange.