Sunday Nov 02, 2025
Sunday Nov 02, 2025
Monday, 15 September 2025 02:38 - - {{hitsCtrl.values.hits}}
AFC Deputy Chairman and Managing Director Romani De Silva rings the CSE Bell to mark the launch of the first-ever Social Bond. Others (from left): AFC Assistant General Manager – Region 7 Suranjith Ahangama, Head of Sustainability and Strategic Planning Department Amal Somarathne, Executive Director Recoveries Michael Benedict, CSE CEO Rajeeva Bandaranaike, AFC Deputy Managing Director Kusal Jayawardana, NDB Investment Bank COO Kaushini Laksumanage, CSE CEO-Designate Vindhya Jayasekera, and Vice President – Listing Kanishka Munasinghe
|
Alliance Finance Deputy Chairman and Managing Director Romani De Silva |
|
CSE CEO Rajeeva Bandaranaike
|
Alliance Finance Company PLC (AFC), last week celebrated a landmark moment with the issuance of its Social Bond on the Colombo Stock Exchange (CSE).
The market opening ceremony, held on 8 September at the CSE Trading Floor, highlighted AFC’s continued commitment to sustainable and socially impactful finance.
The listed, rated, unsecured, senior, redeemable Social Bond, issued under the CSE’s GSS+ framework, offer up to 20 million bonds at a par value of Rs. 100 each, aiming to raise a total of Rs. 2 billion. Rated BBB by Lanka Rating Agency Limited, the Bonds feature two tenure options: Type A: Four years at a fixed rate of 11.15% p.a., and Type B: Five years at a fixed rate of 11.40% p.a., with annual interest payments. The overwhelming investor response reflects a growing confidence in instruments that deliver both financial returns and positive social impact.
CSE CEO Rajeeva Bandaranaike congratulated AFC on its trailblazing achievement. He remarked, “This listing represents a significant step in the evolution of Sri Lanka’s sustainable finance ecosystem. By issuing Social Bonds under the GSS+ framework, AFC is demonstrating leadership in financing projects that generate measurable social outcomes, contributing to inclusive development across the country. AFC’s leadership in this space is both commendable and inspirational.”
Alliance Finance Company PLC Deputy Chairman and Managing Director Romani De Silva said: “The issuance of these Social Bonds reflects AFC’s enduring commitment to making a meaningful difference in the communities we serve. From our people-centric beginnings to our current focus on socially impactful financing, we remain committed to ensuring that the capital we mobilise drives positive transformation across our communities.”
Since its inception in 1956, Alliance Finance Company PLC has been a pioneer in sustainable finance, promoting financial inclusion and responsible lending. With this successful Social Bond issuance, Alliance Finance builds on its pioneering role in sustainable finance, having earlier launched Sri Lanka’s first-ever NBFI Green Bond in February 2025. Aligning with the ICMA Social Bond Principles, AFC continues to strengthen its position as a leader in responsible and impact-driven finance, advancing Sri Lanka’s sustainable economic growth.
Pix by Lasantha Kumara
