Colombo, 22 September 2026 – Aitken Spence Hotel Holdings PLC (AHUN.N0000) has announced the successful conclusion of its Debenture Issue 2026, which garnered significant investor interest, resulting in an oversubscription that led to the full uptake of its maximum target of LKR 5 billion. The leading Sri Lankan hospitality giant today confirmed the detailed basis of allotment for the 50 million debentures.
Background to the Debenture Issue 2026
The Debenture Issue 2026 was initially launched with the aim of raising LKR 3 billion through 30 million listed, rated, unsecured, senior redeemable debentures. These debentures were offered across two tenors: a 5-year period (2026/2031) and a 7-year period (2026/2033), with each debenture carrying a par value of LKR 100/-. To accommodate strong market demand, the company had prudently included an option to issue an additional 20 million debentures, effectively increasing the maximum potential capital raise to LKR 5 billion in the event of an oversubscription.
Overwhelming Investor Response and Capital Raised
The overwhelming investor confidence in Aitken Spence Hotel Holdings PLC was clearly demonstrated as subscriptions well exceeded the initial offering, successfully securing the full LKR 5 billion through the issuance of 50 million debentures. This robust performance is a testament to the market’s positive sentiment towards the hospitality sector and the company’s strong financial standing. Aitken Spence Hotel Holdings PLC has confirmed that the actual allotment of these debentures is scheduled to take place on September 24, 2026.
Detailed Basis of Allotment Revealed
Following the significant demand, Aitken Spence Hotel Holdings PLC has outlined a clear allocation strategy for the 50,000,000 debentures across various investor categories to ensure transparency and fairness:
- Preferential Allotments: A substantial portion of the issue, amounting to 37,500,000 debentures, has been earmarked for identified investors. This allocation aligns with the guidelines stipulated in Section 6.7 of the Prospectus dated 10th September 2026.
- Individual and Other Investors:
- Investors who submitted applications for up to and including 100,000 debentures will receive a complete 100% allotment of their applied amount.
- For investors who applied for more than 100,000 debentures, their allotment will comprise 100,000 debentures, supplemented by 63.8425% of the remaining unallotted application amount. This figure will be rounded to the nearest 100 debentures.
Implications and Future Outlook
The successful debenture issue provides Aitken Spence Hotel Holdings PLC with a considerable infusion of capital, which is anticipated to bolster its strategic growth initiatives and reinforce its financial health. This decisive move by one of Sri Lanka’s leading diversified conglomerates highlights its proactive approach to capital management and its commitment to growth within the dynamic economic landscape of Sri Lanka. The widespread interest shown by both institutional and public investors underscores a broader confidence in the stability and promising future of the company, as well as the broader tourism and hospitality sectors.
The meticulously detailed basis of allotment ensures an equitable distribution of debentures among all investor categories, marking the successful conclusion of a crucial capital-raising exercise for Aitken Spence Hotel Holdings PLC.
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