DFCC Bank, in collaboration with the Luxembourg Stock Exchange (LuxSE), has achieved a significant milestone by dual listing Sri Lanka’s first-ever Green Bond on LuxSE and showcasing it on the Luxembourg Green Exchange (LGX). This achievement follows the bond’s initial issuance and listing on the Colombo Stock Exchange (CSE) in September 2024.
The Green Bond, which raised LKR 2.5 billion ($8.4 million), is the first capital market debt instrument in Sri Lanka dedicated to renewable energy. Funds raised are earmarked for solar energy projects, supporting Sri Lanka’s ambitious goal of generating 70% of its electricity from renewable sources by 2030. DFCC Bank also aims to attract private sector investment in green finance to accelerate the nation’s sustainability goals.
By securing admission to LuxSE’s Securities Official List (SOL), the Green Bond gains enhanced global visibility. The bond adheres to the International Capital Market Association’s (ICMA) Green Bond Principles, ensuring alignment with internationally recognised standards for sustainable finance.
Thimal Perera, CEO of DFCC Bank commented, “The dual listing of our Green Bond on LuxSE reflects DFCC Bank’s commitment to sustainable development in Sri Lanka. By funding renewable energy initiatives, we are fostering long-term climate resilience while contributing to a greener future for the nation.”
Laetitia Hamon, Head of Sustainable Finance at LuxSE said, “We are delighted to welcome DFCC Bank back to LuxSE with its inaugural Green Bond and to celebrate its debut on LGX.”
The dual listing aligns with DFCC Bank’s vision to diversify Sri Lanka’s financial markets and contribute to the nation’s environmental and social goals. The Bank also plans to transition its Green Bond Framework into a Sustainable Bond Framework, expanding its focus to include social projects alongside environmental initiatives.
