Sri Lanka’s Hayleys Rs3bn 5-year senior bonds oversubscribed

ECONOMYNEXT – A five-year debenture issued by Sri Lanka’s diversified Hayleys group, with interests in export manufacturing, consumer durables and logistics, to raise 3.0 billion rupees, has been oversubscribed.

The issue, which officially opened on August 20 Tuesday, would be closed Wednesday, the company said in a stock exchange announcement.

The basis of allotment would be notified later.

Hayleys offered 20 million 100 rupee senior bonds maturing in 2024, with an option to sell a further 10 million.
(COLOMBO, 21 August, 2019)