Prins Perera
DFCC Bank has supported businesses that aim to grow while minimising their environmental impact for years. The Bank with a new USD 12 million funding facility from European impact investment platform Symbiotics, is scaling up that effort – this time with a focus on solar energy and small businesses across Sri Lanka.
The funding, split between a USD 6.25 million tranche and an equivalent of USD 5.75 million in Sri Lanka Rupees, will be used to support renewable energy projects. Much of it will be allocated to small and medium-sized enterprises that adopt clean energy solutions as part of their long-term strategy.
Symbiotics arranged the financing, with bonds issued specifically for DFCC Bank and listed on the Securities Official List of the Luxembourg Stock Exchange. TSW Capital Services (Pvt) Ltd., based in India, advised DFCC Bank on the transaction. “This funding enables us to direct international capital into local projects that matter – clean energy, small businesses, long-term growth,” said Senior Vice President – Treasury, Investment and Wholesale Banking at DFCC Bank, Prins Perera. He said that this borrowing secured from the European market was at a time when access to external funding was particularly constrained for the country.
