Live Updates > Live Update Details
2025-09-15 17:50:45
[New Opportunities in the Blue Ocean: Sri Lanka launches its first blue bond, ushering in a surge in environmental investment] ⑴ Sri Lanka's DFCC Bank plans to issue blue bonds of up to 3 billion rupees (approximately US$9.9 million). This will be the country's first issuance of such bonds, demonstrating its active exploration in the field of sustainable finance. Fitch has assigned an A domestic rating to the bond. ⑵ The bond is scheduled to be launched in the third week of October, with maturities covering 3, 4 and 5 years, and expected annualized yields of 9.75%, 10.25% and 10.5% respectively. Some or all of the notes may be zero-interest bonds. ⑶ The proceeds from the issuance of this blue bond will be used exclusively to support the sustainable use and protection of marine and coastal ecosystems, as well as to promote climate resilience projects in coastal communities, indicating that the financial market is turning its attention to investment opportunities that have a positive impact on the marine environment.
