DFCC Bank lists Bond on India’s NSE International Exchange

Above at the event: In the picture from left: MD CEO NSEICC, Mr. Neeraj Julshestra, ED IFSCA Mr. Pradeep Ramakrishnan, NSEIX MD and CEO Mr. V. Balasubramaniam, Chairperson IFSCA, Mr. K. Rajaraman, Director/ CEO DFCC Bank Mr. Thimal Perera, Senior Vice President DFCC-  Treasury, Investment Banking and Wholesale Banking, Mr. Prins Perera and PID NSEIX, Dr. Sobhesh Agarwala.

DFCC Bank PLC has become the first foreign corporate entity to list a bond on the National Stock Exchange - International Exchange (NSE IX) at GIFT City, India - marking a significant milestone in Sri Lanka’s capital markets and reinforcing DFCC Bank’s position as a regional leader in sustainable finance.

This listing completes a strategic multiple listing journey for DFCC Bank’s Green Bond, which was first issued in Sri Lanka and subsequently dual-listed on the Luxembourg Stock Exchange. The latest listing on NSE IX further strengthens the bank’s access to international capital markets and exemplifies its commitment to scalable, cross-border sustainable finance, the bank said in a media release.

The bell-ringing ceremony was held on June 9 at the Grand Mercure, GIFT City. The event was graced by K. Rajaraman, Chairperson of the International Financial Services Centres Authority (IFSCA), as the Chief Guest, alongside other dignitaries from the National Stock Exchange, IFSCA, and heads of banks based in GIFT City. DFCC Bank was represented by Thimal Perera, Chief Executive Officer, and Prins Perera, Senior Vice President – Treasury, Investment and Wholesale Banking.

“This listing is more than a milestone - it is a signal of Sri Lanka’s readiness to engage with the region through credible, future-forward finance,” said Mr. Perera. “By becoming the first foreign corporate to list on NSE IX, DFCC Bank is demonstrating how institutions in emerging economies can structure and scale sustainable capital in line with global standards. This strategic achievement reflects our ongoing efforts to align commercial innovation with climate priorities, and to bridge South Asia’s financial systems with international capital through practical, purpose-led execution.”

Commenting on the listing, V. Balasubramaniam, MD & CEO, NSE IX, said, “We are delighted to welcome DFCC Bank PLC as the first foreign corporate issuer in NSEIX and in GIFT IFSC with a secondary listing of Rs. 2.5 billion green bonds on the Exchange. I am confident that this listing will inspire more issuers from Sri Lanka and neighbouring countries to explore opportunities in GIFT City.”

The proceeds from the bond will be directed towards renewable energy projects, specifically for ground and rooftop-mounted Solar PV electricity generation projects. These projects conform to the Sri Lanka Green Finance Taxonomy and align with the country’s national goal of sourcing 70 per cent of its energy from renewables by 2030.