Company filings and market news from across Sri Lanka's stock market.
Colombo Stock Exchange closed higher: All Share Index up 0.87% to 11,773 and S&P SL20 up 0.76% to 3,409, with turnover of 2.9 billion and net foreign inflow of 69 million rupees. Banking stocks led gains (HNB, Commercial Bank, DFCC, NDB) while some crossings and active foreign flows hit multiple counters.
Colombo market turnover topped Rs. 4 billion as the ASPI closed up 12 points at 11,672, marking an eighth consecutive day of gains. Banking stocks drove activity—contributing 39% of turnover with HNB, Sampath, NDB, Teejay Lanka and DFCC among top positive contributors, while Commercial Bank fell.
Colombo Stock Exchange closed higher: All Share Index up 0.10% at 11,671 and S&P SL20 up 0.50% at 3,384, turnover 4.3 billion and net foreign inflow of 633 million rupees.
DFCC Bank's first-ever Rs.2.5 billion Green Bond was oversubscribed on the opening day, raising the full amount to fund solar renewable projects; the Type A, 3-year bonds carry a 12.00% p.a. fixed rate and will be listed on the CSE.
DFCC Bank's Rs.2.5 billion Green Bond issue was oversubscribed on the opening day. The 3-year bonds carry a 12.00% fixed coupon, proceeds are earmarked for solar renewable projects, will be listed on the CSE and carry an A- (lka) instrument rating from Fitch Ratings (Lanka).
DFCC Bank partnered with Sri Lanka Telecom to co-locate its servers at SLT's IDC and deploy Cisco SD-WAN across its branch network, enhancing IT resilience and reducing data centre costs.
DFCC Bank's LKR 2.5 billion Green Bond issue — Sri Lanka's first — was heavily oversubscribed on opening day (12 Sep 2024); the Type A, 3-year bonds pay 12.00% p.a. and will be listed on the Colombo Stock Exchange. Proceeds are earmarked for renewable (solar) energy projects and the bonds carry an A- (lka) instrument rating.
Colombo Stock Exchange closed higher: All Share Index +2.87% to 11,659 and S&P SL20 +4.09% to 3,367, with turnover Rs3.9bn and net foreign inflow Rs82.10m. Banking stocks led gains while foreign buying concentrated in Sampath, HNB, Bukit Darah and LOLC Finance and selling hit CIC, Nations Trust, hSenid, John Keells and Ceylon Cold Stores.
The Chamber of Construction Industry urged President Anura Kumara Dissanayake to adopt wide-ranging reforms to revive the sector, including a National Planning Commission, public procurement and payment-security laws, a development bank, online permit systems, and concessional housing loans.
Colombo Stock Exchange closed higher: All Share Index rose 1.19% to 11,096 and S&P SL20 rose 1.88% to 3,160. Larger banks (HNB, COMB, SAMP, DFCC, NDB) led gains while some smaller banks (NTB) fell and HDFC was flat; turnover was 994 million and net foreign outflow 5.2 million.
Colombo Stock Exchange closed higher with banks leading gains after Sri Lanka reached a deal to restructure defaulted sovereign bonds allowing local banks to swap 70% of ISBs into dollar bonds with a 10% haircut and convert the remaining 30% into rupee securities.
DFCC Bank's inaugural green bond was oversubscribed, drawing 72 applications worth Rs.3.16 billion against a Rs.2.5 billion target. The three-year listed debentures carry a 12% annual coupon and Ceylinco Life committed Rs.2 billion as anchor investment.
DFCC Bank appointed Shamindra Marcelline as Deputy Chief Executive Officer effective 15 September 2024. He has over 27 years' experience in banking, including prior senior roles at DFCC, HSBC and as CEO/GM of People’s Leasing & Finance PLC.
DFCC Bank appointed Shamindra Marcelline as Deputy Chief Executive Officer effective 15 September 2024. He has over 27 years' experience across corporate, investment and retail banking and previously served as CEO/General Manager of People’s Leasing & Finance and in senior roles at DFCC and HSBC.
WCIC launched the WCIC Prathibhabhisheka – Women Entrepreneur Awards 2024, a national event to be held in January 2025 (open to Sri Lanka and SAARC entrants); entries close 31 October 2024. DFCC Bank and Hayleys are listed as partners for the event.
DFCC Leasing's portfolio rose 52.6% to Rs. 23.55 billion as of 31 August 2024, an increase of Rs. 8.19 billion from Rs. 15.4 billion on 31 December 2023.
DFCC Bank PLC said its Rs.2.5 billion green bond issue was oversubscribed. The three-year fixed-coupon notes, rated A- (lka) by Fitch, are the first listed green bonds in Sri Lanka and will finance eligible green projects such as photovoltaic power generation.
DFCC Bank is issuing Sri Lanka’s first Green Bond with Ceylinco Life committing Rs 2 billion as anchor investor; the senior, unsecured 3-year bond offers 12% annually and aims to raise up to Rs 2.5 billion to finance solar PV projects.
DFCC Bank has opened a three-year senior unsecured Green Bond to raise up to Rs.2.5 billion, offering 12% interest, with Ceylinco Life committing Rs.2 billion as anchor investor. The issue is rated A- (lka) and will be listed on the Colombo Stock Exchange.
Parliament approved offshore banking regulations for Port City Colombo on 4 September, enabling offshore branches and granting six local banks (including Commercial Bank, HNB, DFCC, NDB and NTB) Authorised Person status. The rules permit direct foreign-currency transactions under Central Bank and FIU oversight to attract FDI.
Sri Lanka Parliament approved offshore banking regulations for Port City Colombo on 4 Sep 2024; six local banks, including Commercial Bank, HNB, DFCC, NDB and NTB, were approved as Authorised Persons by the CPCEC to operate offshore banking services.
The ASPI fell 0.65% to 10,571, taking its YTD return to -0.78%. Declines in Commercial Bank, John Keells, Sampath and HNB led the drop; turnover was Rs.1bn (up 46.9% vs monthly average) and foreign investors were net buyers of Rs.131.1m.
ASPI fell 0.65% to 10,571, pushing its YTD return to -0.78% — the first YTD negative for 2024. Banking and blue-chip counters (Commercial Bank, John Keells, Sampath, HNB, DFCC) led declines; turnover was Rs.1bn (up 46.9% vs monthly avg) and foreigners net bought Rs.131.1m.
CHEC Port City said three international banks are in talks to set up offshore operations in Colombo Port City and that Commercial Bank, HNB, DFCC, NDB and Nations Trust have been approved as Authorised Persons to operate in the special economic zone. The rules allow multicurrency offshore transactions under CPCEC with Central Bank oversight.
DFCC Bank will list a senior, rated 3-year green bond to raise Rs2.0bn (with a greenshoe to raise up to Rs2.5bn) at a fixed 12% annual rate; 20 million bonds of Rs100 each, subscription opens Aug 12 and the Colombo Stock Exchange approved the listing. The bank said proceeds will benefit the solar sector.
DFCC Bank has launched Sri Lanka's first listed senior, rated, unsecured Green Bond, opening subscriptions for an initial Rs.2.0 billion (up to Rs.2.5bn) issue with a 3-year tenor and a fixed 12.00% p.a. interest rate.
DFCC Bank (DFCC.N0000) and the Colombo Stock Exchange signed an MoU to allow non-resident foreign individuals to request Inward Investment Accounts (IIAs) when opening CDS accounts via the CSE mobile app. Applicant information will be exchanged between CSE and DFCC to streamline compliant account setup and attract foreign investors.
DFCC Bank PLC and the Colombo Stock Exchange signed an MoU to let non-resident foreign individuals request Inward Investment Accounts (IIAs) when opening CDS accounts via the CSE mobile app, with applicant data exchanged to streamline and digitalise account setup.
DFCC Bank will issue Sri Lanka's first Senior, Rated, Unsecured, Redeemable Green Bond via an IPO to be listed on the CSE, targeting up to LKR 2.5 billion (initial LKR 2.0bn) at a fixed 12.00% p.a. for 3 years. Proceeds are earmarked for renewable solar energy projects and the bonds carry an A- (lka) rating.