Green Bond Issuance At CSE

COLOMBO (News 1st); The Colombo Stock Exchange hosted a bell-ringing ceremony to commemorate the first issuance of a green bond in Sri Lanka at the trading floor of the Colombo Stock Exchange

According to the CSE, the issuance of the first green bond not only represents a pivotal step towards sustainable financing but also highlights Sri Lanka's commitment to environmental stewardship and responsible investment.

DFCC Bank marked the groundbreaking milestone today (30th September 2024) with the inaugural issuance of Sri Lanka’s first Green Bonds on the Colombo Stock Exchange (CSE), symbolizing a key step toward promoting sustainable finance in Sri Lanka. 

The event was hosted at the CSE Trading Floor, where DFCC Bank rang the ceremonial opening bell, signalling its entry into the growing global green finance market.

DFCC Bank plans to use the funds from its Green Bonds to support eco-friendly projects, reinforcing its commitment to sustainability. This issuance highlights the potential of financial markets to drive environmental change while providing investors with opportunities to support a sustainable future.

"The Colombo Stock Exchange has for too long been a single product market. And I think the fact that we will have more issuances going forward will diversify our product portfolio.
The interest we've seen in the issue has been great. Sri Lanka has today about 50% of power generated through renewable sources. And the government has set a target of, I think, taking that up to 70% by 2030. Now all of these projects actually allow those entities to tap into the green space. And I would like to encourage everyone here today, as well as the media who are covering this event, to highlight that fact so that you can have a lot of the companies tapping into this space and utilizing the global wealth of funds that's out there that want to invest in this product," said Dilshan Wirasekara, Chairman of the Colombo Stock Exchange duriong the event.