Hayleys PLC to Raise Rs. 7 Bn via CSE Debenture Issue 📈

The Colombo Stock Exchange (CSE) has granted in-principle approval for Hayleys PLC to raise up to Rs. 7 billion through a listed debt issuance. This move by the diversified conglomerate supports corporate financing and capital market depth. • Issue Structure: Initial offer of Rs. 5 billion (50 million debentures), with an option to issue an additional Rs. 2 billion in the event of oversubscription. • Debenture Types: • 5-Year Fixed: 10.6% p.a. (10.88% effective annual rate). • 5-Year Floating: 1-year T-Bill rate + 2% (Floor: 9.5% / Cap: 11.5%). • 7-Year Fixed: 11.15% p.a. (11.46% effective annual rate). • Key Dates: Subscription list opens on March 17, 2026. Prospectus was made available to trading participants on March 11. • Instrument Details: Listed, rated, unsecured, senior, redeemable debentures with a par value of Rs. 100 each. Interest to be paid semi-annually. • Management: Commercial Bank of Ceylon PLC serves as the Joint Manager, with SSP Corporate Services Ltd as Registrar. This issuance reflects continued activity in the diversified holdings sector, providing investors with fixed-income opportunities across medium to long-term tenors.