HNB’s Rs.10 bn sustainable bond issue oversubscribed

Hatton National Bank PLC (HNB) said its latest sustainable bond issue has been oversubscribed, with applications exceeding Rs.10 billion, prompting the bank to close subscriptions early.

The listed, rated, unsecured senior bond issue, initially structured to raise up to Rs.5 billion, with the option to issue a further Rs. 5 billion in the event of an oversubscription - reached its maximum threshold, according to a disclosure filed with the Colombo Stock Exchange (CSE).

The offer comprises five-year (2025/2030) and seven-year (2025/2032) sustainable bonds, each with a par value of Rs.100.