HNB Investment Bank promotes Hayleys’ Rs. 7 b debenture issue as Joint Placement Agent

Friday, 2 May 2025 01:06 - - {{hitsCtrl.values.hits}}

Hayleys PLC, one of Sri Lanka’s foremost diversified conglomerates, has announced its plans to raise up to Rs. 7 billion through a debenture issue, marking one of the largest corporate debt offerings scheduled for the second quarter of 2025. This strategic initiative has received in-principle approval from the Colombo Stock Exchange.

At the core of this transaction, HNB Investment Bank (HNBIB) plays a leading role as Joint Placement Agent to the issue, alongside Commercial Bank of Ceylon PLC. Renowned for its bespoke financial solutions and strong track record in capital market transactions, HNBIB’s involvement is pivotal to the success of this offering, reaffirming its expertise in structuring and placing sophisticated debt instruments, most recently demonstrated by way of being the exclusive manager for the country’s first-ever high-yield Bond issuance earlier this year.

Hayleys’ initial tranche will offer 50 million listed, rated, unsecured, senior, redeemable five-year debentures priced at Rs. 100 each, aiming to raise Rs. 5 billion. In the event of oversubscription, the company retains the flexibility to issue an additional 20 million debentures, increasing the total potential value to Rs. 7 billion. The funds raised are intended to further optimise Hayleys’ capital structure, underlining the company’s forward-looking financial strategy.

The subscription list for the debentures will officially open on 5 May.

Backed by a strong ‘AAA (lka)’ rating from Fitch Ratings Lanka Ltd. and senior status, the securities offer a compelling investment opportunity, combining stability with the potential for attractive returns.

As Hayleys PLC gears up for this significant fundraising exercise, the selection of HNBIB as a trusted partner reinforces confidence in the success of the offering, once again highlighting its role in delivering value for issuers and investors alike.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.