📈 Alliance Finance Broadens Green Bond Framework to Refinance Rooftop Solar Portfolio

Alliance Finance Company PLC has amended its Green Bond Framework to optimize capital deployment while maintaining strict compliance with international green finance standards. • Refinancing Structure: The revised framework allows up to 30% of total Green Bond proceeds to be used for refinancing existing, eligible rooftop solar projects. A two-year look-back period applies, meaning projects must have been approved and commissioned within two years of being earmarked for funding. • Capital Flexibility: Any unutilised allocation from the solar equipment vendors and suppliers category can now be redirected toward rooftop solar financing. All refinanced projects must demonstrate meaningful environmental impact. • Compliance & Verification: The amendments have been independently reviewed by Deloitte Partners, confirming alignment with the International Capital Market Association’s (ICMA) Green Bond Principles (June 2025). An external assurance report has also been secured. • National Context: Initially launched in February 2025 as a Rs. 1 billion issuance, this marked Sri Lanka's first Green Bond by a Non-Banking Financial Institution (NBFI), featuring a dual listing on the Colombo and Luxembourg Stock Exchanges. The proceeds directly support Sri Lanka's national targets of 70% renewable electricity by 2030 and carbon neutrality by 2050.