Hayleys to raise up to Rs. 7 b via debenture issue

Thursday, 26 February 2026 03:07 - - {{hitsCtrl.values.hits}}

Hayleys PLC has resolved to raise up to Rs. 7 billion through a listed, rated, unsecured, senior, redeemable debenture issue, subject to regulatory approvals.

The company yesterday said its Board of Directors had approved the issue of 50 million debentures, with an option to issue a further 20 million debentures at the discretion of the company.

Accordingly, a maximum of 70 million debentures may be issued at a par value of Rs. 100 each, enabling the company to raise up to Rs. 7 billion in total.

The company stated that the proposed issue will be subject to necessary regulatory approvals and that the debentures are intended to be listed on the Colombo Stock Exchange.

Hayleys said further details regarding the tenure, interest rates, and other characteristics of the issue will be notified in due course.

The Hayleys PLC share price ended unchanged at Rs. 239 yesterday.