DFCC Bank Lists First Foreign Green Bond on India's NSE IX at GIFT City
Aspect | Details |
---|---|
Event | DFCC Bank PLC lists green bond on NSE IX, GIFT City |
Date | June 9, 2025 |
Location | Grand Mercure, GIFT City, Gujarat |
Bond Details | LKR 2.5 billion green bond |
Primary Use of Funds | Financing solar PV projects (rooftop and ground-mounted) |
Strategic Significance | First foreign corporate to list on NSE IX; strengthens India-Sri Lanka ties |
Listing Journey | Originally issued in Sri Lanka; dual-listed on Luxembourg Stock Exchange |
Stakeholders | K. Rajaraman (IFSCA Chairperson), Thimal Perera (DFCC CEO), V. Balasubramaniam (NSE IX MD & CEO) |
Sustainability Alignment | Aligned with Sri Lanka's Green Finance Taxonomy and UN SDGs 7 & 13 |
Compliance | Green Bond Principles of ICMA |
Vision | Supports Sri Lanka's 70% renewable energy goal by 2030; promotes BIMSTEC integration |