COLOMBO, Sri Lanka, 4 August 2025 (ePRESS) – Commercial Bank of Ceylon’s green lending initiative has received overwhelming support from investors, leading to the oversubscription of the Bank’s Rs. 15 billion Green Bond on its opening day. The green bond issue, launched on Monday, 4 August, raised the full Rs. 10 billion from an initial offering of 100 million Basel III Compliant – Tier 2 Listed Rated Unsecured Subordinated Redeemable Green Bonds.
An additional option of up to 50 million bonds was provided, following the strong demand, with the Bank indicating the possibility of issuing more bonds at its discretion.
Sanath Manatunge, Managing Director and CEO of Commercial Bank, expressed satisfaction at the response, stating: “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.”
The green bonds, available exclusively to Qualified Investors, were offered in six types, with three different tenures – five years (Types A and B), seven years (Types C and D), and ten years (Types E and F).
For the quarter ending 31st March 2025, the Commercial Bank Group reported a gross income of Rs. 88.105 billion.
