Aitken Spence Hotels to raise up to Rs. 5 b via listed Debentures

Wednesday, 14 January 2026 05:58 - - {{hitsCtrl.values.hits}}

The Board of Directors of Aitken Spence Hotel Holdings PLC has approved plans to raise up to Rs. 5 billion in two tranches through the issue of listed rated unsecured senior redeemable debentures.

The company will initially seek to raise up to Rs. 3 billion by issuing up to 30 million debentures at an issue price of Rs. 100 per debenture.

Subject to demand, the company has the option to issue a further 20 million debentures at the same issue price, raising an additional Rs. 2 billion. In the event of an oversubscription of the initial issue, the total value of the debenture issue could therefore be increased to Rs. 5 billion.

The proposed debenture issue will be subject to the necessary regulatory approvals, and the company intends to list the debentures on the Colombo Stock Exchange. An application seeking approval for listing will be submitted to the CSE in due course, it said.

Details relating to the structure of the issue, including the tenure or maturity period, coupon frequency, interest rates, and the opening date of the issue, will be determined at a later stage based on prevailing market conditions and will be communicated to the market accordingly.