Fitch rates DFCC’s first Rs. 3 b Blue Bond ‘A(EXP)’

Tuesday, 16 September 2025 04:04 - - {{hitsCtrl.values.hits}}

Issue to finance sustainable use of marine, coastal resources, improve coastal communities’ resilience to climate-related risks

Fitch Ratings has rated DFCC Bank’s proposed first Blue Bond at ‘A(EXP)(lka)’ to raise Rs. 3 billion for projects that promote the sustainable use of marine and coastal resources and strengthen the resilience of coastal communities to climate-related risks.

The agency said the Sri Lankan rupee-denominated senior unsecured listed Bonds, with a value of up to Rs. 3 billion, have been assigned an expected National Long-Term Rating of ‘A(EXP)(lka)’. The Bonds will mature in three, four or five years. According to Fitch, the proceeds will be directed to eligible blue projects. A blue bond is a debt instrument issued to finance projects that protect and restore oceans, waterways and coastal ecosystems. Similar to Green Bonds, which focus on environmental projects, Blue Bonds channel capital specifically into sustainable marine and coastal development.

Fitch said the final rating will depend on the completion of documentation consistent with the information already reviewed.