Rs. 10 b DFCC Bond issue gets CSE nod

Saturday, 31 January 2026 02:38 - - {{hitsCtrl.values.hits}}

The Colombo Stock Exchange has approved in-principle DFCC Bank PLC’s proposed Bond issue to raise up to Rs. 10 billion.

DFCC is proposing to issue Basel III compliant Tier 2, listed, rated, unsecured, subordinated, redeemable five-year, seven-year and 10-year GSS+ Bonds with non-viability write-down features.

It will initially offer 70 million Bonds at Rs. 100 and if oversubscribed the bank may exercise an option to extend the offer to another 30 million, raising Rs. 10 billion in total. Bonds will be of three types: Type A Bonds of five years at 11.50% fixed interest paid annually; Type B Bonds of seven years at 11.75% fixed interest paid annually; and Type c Bonds of 10 years at 12% fixed interest paid annually.

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