Hayleys debenture issue oversubscribed

Thursday, 19 March 2026 04:57 - - {{hitsCtrl.values.hits}}

Hayleys PLC said its initial listed rated unsecured senior redeemable debenture issue has been oversubscribed, with applications exceeding Rs. 5 billion.

The company had offered an initial issue of 50 million debentures at a par value of Rs. 100 each, amounting to Rs. 5 billion, with an option to issue a further 20 million debentures, equivalent to Rs. 2 billion, in the event of oversubscription.

Given the strong investor demand, the company said the issue closed 4:30 p.m. yesterday.

Hayleys noted that, in line with the prospectus, it may proceed to issue up to an additional 20 million debentures to accommodate applications received following the announcement of the oversubscription, taking the total potential issue size to Rs. 7 billion.

The company added that the basis of allotment will be notified to the Colombo Stock Exchange in due course.