Today the Abans Finance Services Limited announced to Colombo Stock Exchange the Board of Directors of Abans Finance Services Limited approved to listed Unsecured Debentures to the value of Rs.500 Million.

The each Debenture will be issued at the value of Rs.100.00 each in 6 Different classes of Installments, varying in 3 to 5 years and interest rate between 11.39% – 13% payable in monthly or annually.

In the event of oversubscribed the company may increase the maximum issue upto a total value not exceeding RS.1 Billion.

The issue is subjective to approvals of the shareholders and Colombo Stock Exchange.

Source: http://www.cse.lk/cmt/upload_cse_announcements/7441309852857_.pdf

Related Sources:

http://synergyy.com/2011/06/24/abans-finance-services-limited-%e2%80%93-indicative-price/

http://synergyy.com/2011/06/23/abans-financial-services-limited-listing-cse-on-27th-june-2011/

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