Colombo, Sri Lanka – 15 September 2026 – Aitken Spence Hotel Holdings PLC (AHUN), a prominent player in Sri Lanka’s hospitality sector, today announced the overwhelming success of its Debenture Issue 2026, which saw applications exceeding the maximum permissible amount of LKR 5 billion. The robust investor response led to the early closure of the issue at 4:30 p.m. on September 15, 2026, as stipulated in its prospectus.
The company had sought to raise an initial LKR 3 billion through the issuance of up to 30 million listed, rated, unsecured senior redeemable debentures, each with a par value of LKR 100. Furthermore, the prospectus included an option to issue an additional 20 million debentures, at the company’s discretion, in the event of an oversubscription, thereby allowing for a maximum raise of LKR 5 billion.
Exceptional Investor Confidence Evident
The announcement, made to the Colombo Stock Exchange (CSE) by the Corporate Solutions Unit of Central Depository Systems (Pvt) Limited, acting as Registrars to the Issue, confirmed that total applications received surpassed the LKR 5 billion threshold. This significant oversubscription underscores the strong investor confidence in Aitken Spence Hotel Holdings PLC and its strategic direction amidst the evolving economic landscape.
The debentures offered were structured into two tranches: 5-year debentures maturing in 2031 and 7-year debentures maturing in 2033. Their unsecured senior and redeemable nature, coupled with being listed and rated, likely contributed to their attractiveness to a wide range of institutional and individual investors seeking stable returns from a reputable corporate entity.
Implications for Aitken Spence and the Market
The successful closure of this substantial debenture issue provides Aitken Spence Hotel Holdings PLC with significant capital, which can be deployed for various corporate objectives, including expansion projects, debt refinancing, or working capital requirements. This capital injection is poised to further strengthen the company’s operational capabilities and market position in the highly competitive hospitality industry.
From a broader market perspective, the robust demand for Aitken Spence’s debentures signals healthy liquidity within the Sri Lankan capital market and a readiness among investors to back well-managed companies with clear growth strategies. It also reflects positive sentiment towards the nation’s tourism and hospitality sectors, which continue to demonstrate resilience and potential for recovery.
Aitken Spence Hotel Holdings PLC stated that the basis of allotment for the oversubscribed issue will be communicated to the Colombo Stock Exchange in due course.
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