š Sarvodaya Finance Extends Sustainable Bond Fund Allocation Timeline
Sarvodaya Development Finance PLC has announced a 6-month extension to fully utilize proceeds from its 2025 High Yield Sustainable Bond, moving the final allocation deadline to April 17, 2027. ā¢ Overall Bond Capital: Raised LKR 2.0 Bn via its sustainable bond, initially intended for full allocation within 12 months. ā¢ Social Financing Sector: 100% of the allocated LKR 1.5 Bn has been fully disbursed into social development projects. ā¢ Green Financing Sector: LKR 163 Mn out of LKR 500 Mn (32.6%) has been allocated so far, leaving LKR 337 Mn unutilized. ā¢ Strategic Focus: The timeline extension aims to channel remaining funds into qualified sustainable finance initiatives without altering original bond objectives or allocation splits. Unallocated capital remains managed per prospectus guidelines.