Financial & Investment NewsTourism, Hospitality & Leisure
📈 Aitken Spence Hotel Holdings Rs. 5 Bn Debenture Oversubscribed on Day One
• Overall Figures: Aitken Spence Hotel Holdings PLC’s maiden listed, rated, unsecured, senior redeemable debenture issue was fully oversubscribed on its opening day. • Issue Details: The initial offering of 30 million debentures at Rs. 100 each sought to raise Rs. 3 billion. Due to strong demand, the company exercised its option to issue a further 20 million debentures, expanding the total issue size to Rs. 5 billion. • Market Response: Applications exceeded the full 50 million debenture allocation (>Rs. 5 Bn), triggering an early closure at 4:30 p.m. on the opening day. The basis of allotment will be announced in due course.
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