Assetline Finance opens subscriptions for landmark Rs. 5 b debenture issue

ASSETLINE Finance, the flagship company of the David Pieris Group’s financial services arm, has announced that subscriptions will open today (9) for its inaugural issuance of listed, rated, unsecured, senior, redeemable debentures, targeting up to Rs. 5 billion.

- 

This marks a significant milestone as Assetline Finance enters the listed debt capital market for the first time, reflecting confidence in its growth trajectory and a strategic focus on funding diversification, liquidity and long-term financial resilience.

The Colombo Stock Exchange has approved the listing of 50 million debentures, each with a face value of Rs. 100 each and a tenor of five years.

The issue has received a preliminary'A'rating with a Positive Outlook from Lanka Rating Agency, highlighting Assetline Finance's creditworthiness, robust capital position, prudent risk management, and ability to navigate evolving market conditions.

The issuance underscores the company's operating stability, sound financial profile, and readiness to leverage capital markets to support sustained growth. Investors are offered attractive annual and semi-annual interest options designed to deliver competitive risk-adjusted returns while supporting Assetline Finance's balanced funding strategy. Proceeds from the issue are earmarked for expanding the company's lending portfolio, supporting product innovation, and strengthening its funding base, enabling greater value creation across customer segments and contributing to national economic activity through increased credit access.