DFCC Bank Green Bond: First Foreign Corporate at GIFT IFSC
Why in the news
A Sri Lankan lender listed a green bond in India’s GIFT City hub, a first for a foreign company.
Key facts
| Item | Detail |
|---|---|
| Issuer | DFCC Bank PLC, Sri Lanka’s oldest development bank |
| Size | LKR 2.5 billion (about USD 8 million) |
| Listing | 10 June 2025, NSE International Exchange (NSE IX), GIFT City, Gujarat; also on LuxSE |
| Funds for | Ground-mounted and rooftop solar PV in Sri Lanka |
| Framework | ICMA Green Bond Principles; Sri Lanka’s Green Finance Taxonomy |
Significance
- First foreign corporate green bond at GIFT IFSC.
- Backs Sri Lanka’s 70% renewable energy by 2030 goal, SDG 7 and SDG 13.
Exam angle
- Venue: NSE IX.
- Issuer country: Sri Lanka.