DFCC’s first green bond draws 72 applications worth Rs. 3.1 b

DFCC Bank’s green bond issue, the first in Sri Lanka, had drawn 72 applications worth Rs. 3.16 billion.

The issue was to raise Rs. 2.5 billion via 20 million senior, listed, rated, unsecured, redeemable, green three-year bonds at Rs. 100 each with an option to issue a further 5 million said debentures in the event of an oversubscription of the initial amount. The debentures offer an interest of 12%, payable annually.

All applications had been with payments made by cheques and RTGS.

Last week Ceylinco Life announced it will invest Rs. 2 billion in the DFCC green bond issue serving as its anchor investor in an emphatic demonstration of the company’s commitment to sustainability.