To raise Rs. 15 bn via Basel III compliant debentures

DFCC Bank PLC has announced a proposal to raise up to Rs. 15 billion through a new issuance of debentures, according to a stock filing.

The Board of Directors decided on February 6, 2026, to issue up to 150 million Basel III Compliant, Tier 2, Listed, Rated, Subordinated, Unsecured, Redeemable Debentures.

The instruments will include a Non-Viability conversion feature and will be issued at a par value of Rs. 100 each. The debentures will have a term of up to 10 years and may be issued in one or more tranches at the discretion of the Board of Directors.

According to the corporate disclosure, the move is subject to obtaining all necessary regulatory and other approvals. The specific coupon types, interest rates, and exact tenure will be decided prior to the finalization of the Trust Deed.