DFCC Bank issued Sri Lanka's first listed bond in November 2025, raising LKR 3 billion ($10 million) across three-, four-, and five-year tenures.

Listed on the Colombo Stock Exchange, the bond is underpinned by the development bank's sustainable bond framework, which sets out all eligible use of proceeds. This includes projects focused on marine pollution prevention, marine ecosystem management, conservation and restoration, coastal adaptation and resilience and sustainable coastal and marine tourism.

It also includes projects dedicated to affordable water-related infrastructure, marine renewable energy and clean transportation.

The bond was developed to meet the growing risks that Sri Lanka's economy faces, as an island nation, with growing coastal erosion, saline intrusion, flooding and climate impacts on fisheries. Despite this, 'blue' themes have been underserved by standard green bonds, it said.

Judges of the Environmental Finance Sustainable Debt Awards said the bond is "fantastic innovation at work".