Brown and Company PLC informed that the Board of Directors of the company has decided to issue up to Fifty Million (50,000,000) Listed, Rated, Guaranteed, Senior, Redeemable Debentures amounting to LKR 5,000,000,000/-). The company confirmed that the aforesaid issue will be at par value of LKR 100/- each, subject to necessary regulatory approvals and that the Company proposes to have these Debentures quoted on the Colombo Stock Exchange.