Aitken Spence Hotel allots 75% of Rs. 5 b debentures to preferential investors

Thursday, 24 September 2026 00:01 - - {{hitsCtrl.values.hits}}

Aitken Spence Hotel Holdings PLC yesterday said it will allot 37.5 million of the 50 million debentures in its oversubscribed Rs. 5 billion issue to identified investors on a preferential basis. The balance of 12.5 million debentures will go to other investors.

Among other investors, those who applied for up to and including 100,000 debentures will receive their full allotment. Those who applied for more than 100,000 debentures will receive 100,000 debentures plus 63.8425% of the balance applied for, rounded to the nearest 100 debentures.

The company said it had decided to allot the debentures today.

The company offered an initial issue of up to 30 million listed, rated, unsecured, senior, redeemable debentures at a par value of Rs. 100 each to raise Rs. 3 billion. The debentures carry five-year (2026/2031) and seven-year (2026/2033) tenors. The company had the option, at its discretion, to issue up to a further 20 million debentures if the initial issue was oversubscribed. Exercising that option took the raise to the maximum of Rs. 5 billion.