Sarvodaya Development Finance to issue first-ever Sustainable Bonds to raise Rs. 2 b

Monday, 9 June 2025 01:35 - - {{hitsCtrl.values.hits}}

Sarvodaya Development Finance PLC is to issue Sri Lanka’s first-ever

Sustainable Bonds to raise Rs. 2 billion.

Its Board of Directors last week decided to issue up to 20 million Tier 2, rated, unsecured, subordinated, redeemable high-yield Sustainable Bonds at Rs. 100 each.

The issue is subject to necessary regulatory approval.

The coupon frequency and the interest rates are to be decided close to the finalisation of the Trust Deed based on the market rates prevailing at that point in time.

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