DFCC pioneering spirit continues with Green Bond dual listing in Luxembourg

Friday, 27 December 2024 00:08 - - {{hitsCtrl.values.hits}}

DFCC Bank has listed its pioneering Green Bond on the Luxembourg Stock Exchange (LuxSE) – Luxembourg Green Exchange on 20 December.

The listing is on the Securities Official List (SOL) of LuxSE.

The bank said while the Green Bond listing on the Colombo Stock Exchange (CSE) will continue, the listing on LuxSE will make this a dual listing and is the first Sri Lankan Green Bond to have a dual listing.

“The trading and settlement of the Green Bond will continue to be through the Colombo Stock Exchange and in LKR. The Green Bond will not be traded on the Luxembourg Stock Exchange,” DFCC Bank said. The Green Bond was listed on CSE on 30 September.

The senior, listed, rated, unsecured, redeemable three-year Green Bonds offered by DFCC Bank, aiming to raise up to Rs. 2.5 billion, were oversubscribed on the opening day in September. The initial issue of 20,000,000 bonds, each with a par value of Rs. 100 and offering a fixed interest rate of 12% per annum, paid annually, drew substantial investor interest with applications worth Rs. 3.16 billion, reflecting strong confidence in sustainable investment opportunities.

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