Three separate corporate debt issues moved through the Colombo Stock Exchange this week, with Pan Asia Banking Corporation’s Rs. 5 billion debenture closing oversubscribed and Aitken Spence Hotel Holdings listing its own paper on Friday.

PABC’s issue drew applications for more than 50 million debentures and closed at 4:30 pm on 1 October, EconomyNext reported. The basis of allotment is to be notified to the CSE in due course. The bank had opened the Rs. 5 billion issue in late September.

Aitken Spence Hotels lists

Aitken Spence Hotel Holdings PLC’s rated, unsecured, senior redeemable debentures were listed on Friday across five-year and seven-year tenors. The five-year tranche carries a fixed coupon of 13.00% annually, or 12.60% paid semi-annually for the same annual equivalent rate; the seven-year annual tranche pays 13.15%. The September issue was oversubscribed on its opening day, raising up to Rs. 5 billion.

Sampath seeks Rs. 50 billion

Sampath Bank is seeking shareholder approval to raise up to Rs. 50 billion through Basel III-compliant Tier 2 debentures, green bonds or sustainability bonds — up to 500 million instruments at Rs. 100 each, carrying a non-viability conversion feature. The funds would be raised in one or more tranches within three years of approval, subject to regulatory clearance.

Separately, Lanka Walltiles plans to raise Rs. 5.01 billion through a rights issue of 128,470,588 ordinary voting shares at Rs. 39 each, on a ratio of 8 for 17. The company intends afterwards to amalgamate its wholly owned subsidiary Vallibel Plantation Management Limited, subject to a solvency test.

The market, mid-session

These figures are from the morning session and are not a closing report. At 11:26 am the ASPI was up 36.48 points (0.17%) at 20,917.38 and the S&P SL20 up 1.87 points at 5,903.52, on turnover of Rs. 149.92 million, with banks leading. Sri Lanka’s market closes at 2.30 pm, and recent sessions have given up morning gains before the bell.

One detail is worth recording. The ASPI’s morning figures imply a previous close of 20,880.90 — exactly Thursday’s close. But the S&P SL20’s imply 5,901.65, which is the Thursday close the Daily Mirror published, not the 5,902.46 EconomyNext itself printed. EconomyNext’s own Friday baseline therefore settles that disagreement against its own closing print.