FINANCIAL CHRONICLE — Aitken Spence Hotel Holdings, a prominent player in the hospitality sector in Sri Lanka, has received preliminary approval from the Colombo Stock Exchange (CSE) to proceed with the issuance of debentures aimed at raising up to 5 billion rupees. The announcement was made through an official filing in the market.

The company plans to initiate the offering with 30 million debentures that are listed, rated, unsecured, and fall under the category of senior redeemable debentures, each with a nominal value of 100 rupees. This initial tranche is expected to generate 3 billion rupees.

In case of strong demand, Aitken Spence has the option to release an additional 20 million debentures, which could potentially increase the total funds raised to 5 billion rupees.

The subscription period for this debenture issue is set to commence on September 15, 2026.

The offering includes four fixed-rate options, with tenures of either 5 years (2026/2031) or 7 years (2026/2033). The available options are as follows: Type A (5-Year) offers a fixed interest rate of 13.00 percent per annum, payable annually (equating to a 13.00 percent AER); Type B (5-Year) offers a fixed interest rate of 12.60 percent per annum, payable semi-annually (also 13.00 percent AER); Type C (7-Year) provides a fixed interest rate of 13.15 percent per annum, paid annually (13.15 percent AER); and Type D (7-Year) presents a fixed interest rate of 12.74 percent per annum, payable semi-annually (13.15 percent AER).

On a related note, the company’s shares closed at 85.80 rupees, reflecting a decrease of 1.38 percent. (Colombo/September 10/2026)