Sarvodaya Development Finance to issue up to Rs. 2 b Social Orange Bond

Tuesday, 13 January 2026 02:05 - - {{hitsCtrl.values.hits}}

Sarvodaya Development Finance PLC yesterday said its Board has approved the issuance of a five-year listed, rated, unsecured, senior redeemable Social Orange Bond of up to a maximum value of Rs. 2 billion, following regulatory clearance from the Central Bank of Sri Lanka.

The proposed issue will comprise an initial tranche of 10 million Bonds, with an option to issue up to a further 10 million Bonds, subject to investor demand.

The company said approval for the issuance has been granted by the Central Bank of Sri Lanka by a letter dated 12 January.

Sarvodaya Development Finance said the Bonds will be issued as high-yield instruments and listed on the Colombo Stock Exchange.

An Orange Bond is a form of Social Bond where proceeds are earmarked for projects that support gender equality and women’s economic empowerment, including financing for women-led enterprises, inclusive employment, and access to essential services. Unlike conventional Bonds, Orange Bonds are structured to link capital market funding with measurable social outcomes.