DFCC Bank Becomes First Foreign Entity to List Bond on NSE IX at GIFT City

In a historic development for cross-border sustainable finance, DFCC Bank PLC of Sri Lanka has become the first foreign corporate to list a bond on India’s National Stock Exchange – International Exchange (NSE IX) at GIFT City, Gujarat. This secondary listing of its LKR 2.5 billion green bond marks a key milestone for Sri Lanka’s financial sector and expands DFCC Bank’s presence across global capital markets in alignment with sustainable development goals.

Why in News?

DFCC Bank recently listed its green bond on NSE International Exchange (NSE IX), making it the first foreign corporate issuer to do so. This strategic move strengthens India–Sri Lanka capital market ties, supports regional sustainability goals, and is aligned with India’s ambition to make GIFT City a global financial hub.

Key Highlights

  • Event Date: June 9, 2025
  • Location: Bell-ringing ceremony held at Grand Mercure, GIFT City
  • Bond Details: LKR 2.5 billion green bond
  • Primary Use of Funds: Financing solar PV projects – both rooftop and ground-mounted

Strategic Significance

Part of DFCC’s multiple listing journey

  • Originally issued in Sri Lanka
  • Dual-listed on the Luxembourg Stock Exchange
  • Now listed on NSE IX in India
  • Reinforces cross-border access to sustainable finance and global investors
  • Demonstrates Sri Lanka’s readiness to engage regionally in green finance

Stakeholder Participation

  • Chief Guest: K. Rajaraman, Chairperson, International Financial Services Centres Authority (IFSCA)

Represented by,

  • Thimal Perera, CEO of DFCC Bank
  • Prins Perera, SVP – Treasury, Investment, and Wholesale Banking
  • V. Balasubramaniam, MD & CEO, NSE IX

Sustainability and SDG Alignment

  • Aligned with Sri Lanka’s Green Finance Taxonomy

UN SDGs

  • SDG 7: Affordable and Clean Energy
  • SDG 13: Climate Action
  • Compliant with Green Bond Principles of ICMA

Vision and Impact

  • Supports Sri Lanka’s goal to source 70% of electricity from renewables by 2030
  • Promotes regional financial integration under BIMSTEC
  • Encourages other issuers from Sri Lanka and South Asia to use GIFT City for fundraising
Shivam

As a Content Executive Writer at Adda247, I am dedicated to helping students stay ahead in their competitive exam preparation by providing clear, engaging, and insightful coverage of both major and minor current affairs. With a keen focus on trends and developments that can be crucial for exams, researches and presents daily news in a way that equips aspirants with the knowledge and confidence they need to excel. Through well-crafted content, Its my duty to ensures that learners remain informed, prepared, and ready to tackle any current affairs-related questions in their exams.

Recent Posts

Kerala Piravi 2026: History, Significance and 70 Years of Kerala Formation

Kerala Piravi or Kerala Day is observed each year on 1 November to mark the…

16 hours ago

Andhra Pradesh Formation Day 2026: History, Formation, Telangana Bifurcation and Significance

Andhra Pradesh celebrate Formation Day every year on the 1st of November. This commemorates the…

16 hours ago

Karnataka Rajyotsava 2026: History, Significance and 70 Years of State Unification

Karnataka Rajyotsava, which is sometimes referred to as Kannada Rajyotsava, is celebrated on 1 November…

17 hours ago

Haryana Day 2026: History, Formation and Significance of Haryana

Haryana Day is a celebration held every year on 1st November to celebrate the creation…

17 hours ago

Punjab Formation Day 2026: History, Reorganization and Significance of Punjab Day

Punjab Formation Day, or simply called Punjab Day and Punjab Reorganization Day, is celebrated every…

18 hours ago

Chhattisgarh Formation Day 2026: History, Theme, Constitutional Provisions and Rajyotsav Celebrations

Chhattisgarh Formation Day (also known as Chhattisgarh Foundation Day or Chhattisgarh Rajyotsava) is commemorated every…

18 hours ago