📈 Hayleys PLC to Raise Rs. 7 Billion via Debenture Issue

Hayleys PLC has announced plans to raise up to Rs. 7 billion through a listed, rated, unsecured, senior, redeemable debenture issue on the Colombo Stock Exchange (CSE). • Issue Details: Initial offer of 50 million debentures at Rs. 100 each, with an option to issue an additional 20 million debentures at the discretion of the company. • Total Capital: The company aims to raise a maximum of Rs. 7 billion to strengthen its capital position or address corporate requirements (based on provisional board approval). • Regulatory Status: The issue is currently subject to necessary regulatory approvals; details regarding tenure and interest rates are to be announced in due course. • Market Reaction: Hayleys PLC shares remained stable, ending at Rs. 239 prior to the announcement.