Alliance Finance launches first-ever social bond on Colombo Stock Exchange

AFC Assistant General Manager Region 07Suranjith Ahangama, AFC Head of Sustainability and Strategic Planning Department Amal Somarathne, AFC Executive Director Recoveries Michael Benedict, CSE CEO Rajeeva Bandaranaike, AFC Deputy Chairman and Managing Director Romani De Silva, AFC Deputy Managing Director Kusal Jayawardana, NDBIB COO Kaushini Laksumanage, CSE CEO Designate Vindhya Jayasekera and CSE Vice President Listing Kanishka Munasinghe

Alliance Finance Company PLC (AFC) celebrated a landmark moment with the issuance of its social bond on the Colombo Stock Exchange (CSE). 

The market opening ceremony, held on September 8, 2025, at the CSE Trading Floor, highlighted AFC’s continued commitment to sustainable and socially impactful finance.

The listed, rated, unsecured, senior, redeemable social bond, issued under the CSE’s GSS+ framework, offer up to 20 million bonds at a par value of Rs.100 each, aiming to raise a total of Rs.2 billion. 

Rated BBB by Lanka Rating Agency Limited, the bonds feature two tenure options: Type A: 4 years at a fixed rate of 11.15 percent p.a. and Type B: five years at a fixed rate of 11.40 percent p.a., with annual interest payments. 

The overwhelming investor response reflects a growing confidence in instruments that deliver both financial returns and positive social impact.

CSE CEO Rajeeva Bandaranaike remarked, “This listing represents a significant step in the evolution of Sri Lanka’s sustainable finance ecosystem. By issuing social bonds under the GSS+ framework, AFC is demonstrating leadership in financing projects that generate measurable social outcomes, contributing to inclusive development across the country. AFC’s leadership in this space is both commendable and inspirational.”

Alliance Finance Company Deputy Chairman and Managing Director Romani De Silva remarked, “The issuance of these social bonds reflects AFC’s enduring commitment to making a meaningful difference in the communities we serve. From our people-centric beginnings to our current focus on socially impactful financing, we remain committed to ensuring that the capital we mobilise drives positive transformation across our communities.”