Sri Lanka’s Hayleys to issue listed debt

Aug 13, 2019 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the debt securities of Hayleys PLC.

Hayleys said in a stock exchange filing that the company expects to raise 3 billion rupees by the issue of 20 million five-year debentures at 100 rupees each with an option to issue 10 million debentures further in the event of an oversubscription.

The subscription list will be open on 20 August 2019. Capital Alliance Partners and People’s Bank Investment Banking Unit jointly manage the issue.