Asia Asset Finance Debenture 2024 Oversubscribed on Opening Day

Thursday, 12 December 2024 13:59 - - {{hitsCtrl.values.hits}}

Colombo, Sri Lanka, 12th December 2024 – Capital Alliance (CAL) is proud to announce the remarkable success of the Asia Asset Finance PLC Debenture 2024, which was oversubscribed on its opening day, 11th December 2024. Investors had the option of subscribing digitally via CAL Online, making it Sri Lanka’s first digital debenture offering.

The issue, valued at LKR 2 billion, offered attractive fixed returns of up to 13% per annum over tenures of 3 to 5 years. Rated A+ (lka) by Fitch Ratings Lanka Limited, the debenture stood out as a secure and convenient investment opportunity.

Tharindra Kulasinghe, Chief Information Officer of CAL commented:

“The swift oversubscription and digital participation reflect investor confidence and the demand for modernised investment solutions. Taking debentures digital has set a new benchmark in Sri Lanka’s financial sector.”

Nishok Goonasekera, Chief Executive Officer of CAL Partners, the Corporate Finance arm of CAL, added:

“We are honoured to have partnered with Asia Asset Finance as the sole issue manager and placement agent for this landmark debenture issue. This achievement not only demonstrates our expertise in capital market transactions but also highlights the strong collaboration between CAL Partners and Asia Asset Finance.”

This milestone reinforces CAL’s commitment to innovation and empowering investors through accessible, technology-driven solutions.

For future investment opportunities, visit https://cal.lk or contact CAL at 0117 602 525.