Sarvodaya Development Finance PLC (SDF), a licensed non-bank financial institution in Sri Lanka, rang the market opening bell at the Colombo Stock Exchange (CSE), to commemorate the issuance of its High-Yield Sustainable Bond, it was noted in a recent statement.
The market opening ceremony, held at the CSE’s Trading Floor, highlighted SDF’s continued commitment to sustainable and socially impactful finance.
The Tier 2, listed, rated, unsecured, subordinated, redeemable, High-Yield Sustainable Bond Issue raised 20 million bonds at a par value of Rs. 100 each, with Capital Alliance (Pvt.) Ltd. as its issue manager, aiming to raise a total of Rs. 2 billion, with a rating of ‘BB+’ by Lanka Rating Agency Limited, was oversubscribed within hours of being listed on the exchange on 8 October 2025.
Sarvodaya Development Finance PLC, which was listed on the Mainboard on 14 December 2021, was founded in line with the principles of its parent organisation Sarvodaya and is guided by the principles of ethical finance and sustainable development.
Delivering the welcome address at the event, CSE CEO Rajeeva Bandaranaike congratulated SDF on the issuance of the first bond of its kind. Remarking upon the impact of the bond he stated: “Sarvodaya Development Finance didn’t just issue a financial instrument – it is more. It acts as a societal catalyst for environmental stewardship, inclusive growth, and responsible financing.”
Sarvodaya Development Finance is tapping into capital markets in an effective manner to address the needs of the community. SDF PLC Chairman Channa De Silva remarked: “Sarvodaya Development Finance efforts to issue Sri Lanka’s first High-Yield Sustainable Bond, marks the unfolding of a new era for our impact focused finance company.”
“With the support of International based funding agencies and Sri Lankan stakeholders, who applaud this decision, we will be able to leapfrog from this to create a new journey for our village entrepreneurs, focused on a development agenda where agriculture, rural empowerment and women’s leadership will be recognised, supported and celebrated,” he said.