Sri Lanka’s DFCC Bank to list 13-pct debentures

ECONOMYNEXT – Sri Lanka’s DFCC Bank is listing 12.5 billion rupees of 13.00 percent debentures, it said in a stock exchange filing.

The bank plans to issue 125 million Basel III compliant, listed, rated, subordinated, unsecured, redeemable, 5-year (2026/2031) debentures with non-viability conversion feature, at 100 rupees each.

The Colombo Stock Exchange has approved the listing in principle.

The subscription list opens on September 11. Capital Alliance Partners Limited are managers to the issue.

Fitch Ratings has assigned the debentures a National Long-Term Rating of ‘BBB+(lka)’.

The proposed debentures will mature in five years.

The bank plans to use the proceeds to strengthen its Tier 2 capital base and to support balance sheet growth.(Colombo/Sep3/2026)