Sri Lanka’s Hayleys to sell Rs3bn 5-year senior bonds

ECONOMYNEXT- Sri Lana’s Hayleys Plc, diversified group with interests in export manufacturing, consumer durables and logistics said it had got approval to sell 3.0 billion rupees of 5-year debt.

The Colombo Stock Exchange had approved the sale of 20 million 100 rupee senior bonds maturing in 2024, with an option
to sell a further 10 million.

The issue will open for subscription on August 20.

Capital Alliance Partners and People’s Bank Investment Banking Unit are joint managers. (Colombo/Aug13/2019)