Investors demonstrated overwhelming support for the green lending aspirations of the Commercial Bank of Ceylon, leading to the oversubscription of the Bank’s Rs. 15 billion Green Bond on its opening day, Monday 4th August 2025.
The Green Bond Issue comprised an initial issue of 100 million Basel III Compliant – Tier 2 Listed Rated Unsecured Subordinated Redeemable Green Bonds with a Non-Viability Conversion feature, at the par value of Rs. 100/= each, to raise a sum of Rupees 10 billion; and an option to issue up to a further 50 million Green Bonds at the discretion of the Bank, in the event of an oversubscription of the initial issue.
Commenting on the oversubscription of the Green Bond, Commercial Bank Managing Director/CEO Mr. Sanath Manatunge said: “Green lending is a key element of our sustainability journey. The appetite of institutional and individual investors to support this aspect of our business is a resounding expression of confidence in the Bank’s efforts to integrate a nationally-significant commitment to sustainability into its core operations. This augurs well for the future.”
Limited to Qualified Investors, Commercial Bank’s Green Bonds were offered in six types with three tenures – Types A and B with a five-year tenure, Types C and D with a seven-year tenure, and Types E and F with a 10-year tenure, the Bank said.
These Green Bonds are rated A (lka) by Fitch Ratings Lanka Limited. The Investment Banking Division of Commercial Bank of Ceylon PLC was the Manager to the Issue.
For the three months ending 31st March 2025, the Commercial Bank Group reported gross income of Rs. 88.105 billion, total operating income of Rs. 46.619 billion, profit before tax of Rs. 22.557 billion and profit after tax of Rs. 14.972 billion, with total assets reaching Rs. 2.999 trillion, loans and advances totalling Rs. 1.642 trillion and total deposits exceeding Rs. 2.412 trillion.
