Sri Lanka’s Hayleys debenture subscribed

(From left) Dharmasri Kumaratunga, Director - Payments and Settlements, Central Bank; Nanda Fernando, Managing Director, Sampath Bank; and Tharaka Ranwala, Head of Operations and Group Chief Marketing Officer, Sampath Bank

July 02, 2013 (LBO) – A debenture offer by Sri Lanka’s Hayleys Plc, a diversified group has been oversubscribed with more than 2.0 billion rupees in applications, the registrars said. Hayleys offered 1.5 billion rupees of debentures and a further 500 million rupees if the first tranche was oversubscribed.

The sale is managed by NDB Investment Bank.

The issue will close today at 4.30 pm.