HNB Investment Bank Steers Hayleys’ Rs. 7Bn Debenture Issue to Day-One Oversubscription

The subscription list, which opened on 5th May 2025, saw immediate and overwhelming demand from both institutional and individual investors, prompting full uptake of the issue’s maximum allocation.

HNB Investment Bank’s leadership and structuring expertise were central to the success of the placement. Working alongside Commercial Bank of Ceylon PLC as Joint Placement Agents, HNBIB ensured a seamless execution and generated strong momentum in the market, reinforcing its standing as one of Sri Lanka’s foremost investment banks.

The issue comprised listed, rated, unsecured, senior, redeemable debentures with a tenor of five years, initially targeting Rs. 5 billion. With the early oversubscription, Hayleys exercised its option to issue an additional Rs. 2 billion, taking the total to Rs. 7 billion, one of the largest corporate debt offerings so far in Q2 2025.

Market observers have credited both the strength of the Hayleys Group and the credibility of its financial advisors for the enthusiastic investor response. The proceeds are expected to support Hayleys’ ongoing efforts to optimize its capital structure and strengthen liquidity across its diversified business portfolio.

The Day One oversubscription reflects strong investor confidence in Hayleys, supported by the effective and empowering placement strategy led by HNB Investment Bank.

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