Sri Lanka’s DFCC Bank Plc announced plans for a senior, rated, 3-year green bond issue aimed at raising 2 billion rupees, with the possibility of a Greenshoe option to raise up to 2.5 billion rupees.
The decision was made by the Board of Directors in a meeting held on July 31. The bank plans to issue Senior, Listed, Rated, Unsecured, Redeemable Green Bonds with a term of 3 years valued at 2 billion rupees. There is also a Greenshoe option allowing the bank to issue up to 2.5 billion rupees if the initial offer is oversubscribed.
The bond issue is subject to obtaining all necessary regulatory and other approvals. The interest rates will be determined closer to the finalization of the Trust Deed based on the prevailing market rates at that time.