📈 DFCC Bank to Raise Rs. 10 Bn via Bond Issue

The Colombo Stock Exchange (CSE) has granted in-principle approval for DFCC Bank PLC to issue Basel III compliant, Tier 2 subordinated bonds to strengthen its capital base. • Issue Details: The bank will initially offer 70 million bonds at Rs. 100 each, with an option to issue an additional 30 million bonds if oversubscribed, totaling Rs. 10 billion. • Bond Structures & Rates: The offering consists of three types of unsecured, redeemable GSS+ bonds: Type A: 5-year tenure at 11.50% fixed p.a. Type B: 7-year tenure at 11.75% fixed p.a. Type C: 10-year tenure at 12.00% fixed p.a. • Timeline: The subscription list is scheduled to open on 6 February 2026. This move reflects ongoing efforts within the banking sector to enhance regulatory capital requirements and support long-term lending capacity.