Monday Sep 14, 2026
Monday Sep 14, 2026
Monday, 14 September 2026 01:57 - - {{hitsCtrl.values.hits}}
DFCC Bank PLC on Friday said its debenture issue of up to 125 million Basel III-compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable five-year (2026/2031) debentures with a non-viability conversion feature, has been oversubscribed.
The debentures, each with a par value of Rs. 100, were floated to raise up to a maximum of Rs. 12.5 billion.
The bank said it received applications for over 125,000,000 debentures for the issue, and accordingly, the issue has been oversubscribed and closed at 4:30 p.m. on Friday. It said all applications received prior to the closing time have been accepted and the basis of allotment will be notified to the Colombo Stock Exchange (CSE) in due course.
The five-year debentures, with a tenure running from 2026 to 2031 and carrying a par value of Rs. 100 each, will pay a fixed annual interest rate of 13%, payable annually.
