Aitken Spence Hotel raises $15M debentures, oversubscribed on day one
What's the deal? Aitken Spence Hotel Holdings PLCDealroom has a profile for this one. Try Dealroom → raised Rs. 5 billion (roughly $15 million) through its maiden listed debenture issue, which was oversubscribed on its opening day, September 15, 2026.
How it worked: The company sought Rs. 3 billion through 30 million debentures at Rs. 100 each, with an option to add 20 million more if demand ran high. That option lifted the total to Rs. 5 billion.
Why now? Applications topped 50 million debentures — the full amount on offer — prompting the company to close the issue at 16:30 local time on day one.
The debentures are rated, unsecured, senior, and redeemable. The basis of allotment will be announced to the Colombo Stock Exchange in due course.
The signal: Strong demand for a first-time debt offering points to investor appetite for Sri Lankan hospitality paper, giving the company a fresh channel to raise capital beyond equity.
Read more: bizenglish.adaderana.lk
Image credit: jaliyaj
