Alliance Finance Company launches Green Bond on Colombo Stock Exchange

Alliance Finance Company PLC (AFC), Sri Lanka’s oldest operating non-banking financial institution, marked a significant milestone with the issuance of its Green Bond on the Colombo Stock Exchange (CSE). The bell ringing ceremony, held on 27th February 2025 at the CSE Trading Floor, symbolized the company’s commitment to sustainable finance and responsible investment.

The Listed, Rated, Guaranteed, Senior, Redeemable 3-Year Green Bond, offering up to 10 million bonds at a par value of Rs. 100 per bond, opened on 17th February 2025 and was oversubscribed on the opening day itself. The overwhelming investor response reflects a growing confidence in sustainable financial instruments and a strong demand for responsible investment opportunities.

Delivering the opening remarks, Dilshan Wirasekara, Chairman of the Colombo Stock Exchange, began by congratulating AFC on their achievement. He stated, “AFC has long set the benchmark for sustainability in the financial sector, going beyond compliance to true commitment, with a commendable dedication to the ‘people, planet, and profit’ philosophy.”

He further noted, “With global sustainable investments reaching nearly $40 trillion, Sri Lanka has immense potential to attract such funding, particularly in areas like renewable energy. I encourage other financial institutions to take inspiration from AFC’s pioneering approach and actively contribute to this growing sector.”

Next, Ms. Uresha Walpitagama, Financial Sector Specialist, Asian Development Bank (ADB), expressed, “We are proud to support the development of a clean and socially sustainable capital market financing ecosystem in Sri Lanka. Through initiatives like the Green Bond listing framework and related efforts, we are seeing growing interest and momentum for Green Bond issuances, ensuring the sustainability of our work. We are pleased to continue partnering with the SEC and CSE in this important journey”