A decision to this effect was made by AFSL Board at its meeting last week.
The unsecured debentures will be issued at a value of Rs. 100 each in six different classes of instruments, varying tenure (three to five years) and rates of interests )ranging from 11.39% to 13%), payable monthly or yearly.
In the event all classes of instruments are oversubscribed to the full, AFSL may increase the maximum issue up to Rs. 1 billion.
The move is subject to shareholder and regulatory approval.
http://www.ft.lk/2011/07/06/abans-financial-to-raise-rs-1-b-via-listed-debenture/