Hayleys PLC Debenture Issue Over-Subscribed 📈

• Overall Figures: The initial public offer of listed rated unsecured senior redeemable debentures by Hayleys PLC has been oversubscribed, with applications exceeding the initial Rs. 5 Bn mark. • Issue Details: The company initially offered 50 million debentures at a par value of Rs. 100 each. Due to strong investor demand, the issue closed at 4:30 p.m. yesterday. • Expansion Option: To accommodate the high volume of applications, Hayleys may exercise its option to issue a further 20 million debentures (Rs. 2 Bn), potentially bringing the total issue size to Rs. 7 Bn. • Market Impact: This successful capital raising highlights robust investor confidence in one of Sri Lanka’s largest diversified conglomerates, with significant footprints in manufacturing, agriculture, and transportation & logistics. • Next Steps: The basis of allotment will be notified to the Colombo Stock Exchange (CSE) in due course.