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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.

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

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