Sunday Feb 15, 2026
Sunday Feb 15, 2026
Monday, 9 February 2026 04:30 - - {{hitsCtrl.values.hits}}
DFCC Bank’s Rs. 7 billion Green, Social, Sustainable, and Sustainability-Related (GSS+) Bond Issue was oversubscribed, with the bank deciding to close subscription lists on Friday.
The bank launched an initial issue of up to 70 million Basel III-compliant, Tier II, listed, rated, unsecured, subordinated, redeemable GSS+ Bonds, with maturities of five years (2026/2031), seven years (2026/2033), and 10 years (2026/2036), each with a par value of Rs. 100, to raise up to Rs. 7 billion.
The bank said it received applications for over 100 million Bonds, resulting in the issue being oversubscribed and closed at 4:30 p.m. on Friday, with applications received prior to that time being accepted.
DFCC Bank also retains the option to issue a further 30 million Bonds in the event of oversubscription, enabling the total issue size to increase to a maximum of Rs. 10 billion. The basis of allotment will be notified to the Colombo Stock Exchange (CSE) in due course.
Separately, DFCC Bank on Friday announced that its Board of Directors has decided to issue up to 150 million Basel III-compliant, Tier II, listed, rated, unsecured, subordinated, redeemable debentures, subject to obtaining all necessary regulatory and other approvals.
The debentures will carry a non-viability conversion feature and will be issued at a par value of Rs. 100 each, with a term of up to 10 years.
The bank said the debentures may be issued in one or more tranches at the discretion of the Board of Directors.
Details relating to coupon types, interest rates, and final tenure will be determined prior to the finalisation of the Trust Deed, according to the disclosure made under Section 8 of the CSE Listing Rules.
