CBC Finance lists on Colombo Stock Exchange

From left: CBC Finance Executive Director and Acting CEO Delakshan Hettiarachchi, Commercial Bank of Ceylon Managing Director and CEO Sanath Manatunge, CSE CEO Rajeeva Bandaranaike, Commercial Bank of Ceylon and CBC Finance Chairman Sharhan Muhseen, CBC Finance Senior Director Sarath Jayasuriya, CSE CRO Nilupa Perera and Commercial Bank of Ceylon Manager Investment Banking Akila Karunarathne

CBC Finance Ltd, a subsidiary of Commercial Bank of Ceylon PLC, commemorated its listing on the Colombo Stock Exchange (CSE) by way of the issuance of Rs.1.5 billion worth of debentures by the ceremonial ringing of the market opening bell on the CSE trading floor.

CBC Finance raised Rs.1.5 billion on November 27, 2025, with an oversubscription of an issue of 15 million listed rated unsecured subordinated redeemable debentures for a tenure of five years and a fixed interest rate of 11.50 percent p.a., payable annually (AER 11.50 percent), with a par value of Rs.100 and an issue rating of ‘BBB+(lka)’ by Fitch Ratings Lanka Limited.

CBC Finance and Commercial Bank of Ceylon Chairman Sharhan Muhseen, who was the event’s keynote speaker, remarked upon the companies listing and CBC Finance’s role, commenting, “We are a key part of the economy. The development of the capital market is essential for the economic growth of the country. Thus, through this debenture issue, we encourage investors to participate in the development of the capital markets which is a key driver of economic growth.” 

Delivering her welcome address at the event, CSE Chief Regulatory Officer Nilupa Perera remarked upon the wide array of products CSE offers, stating, “The CSE has introduced several innovative instruments, from Shariah-compliant debt instruments to GSS+ instruments – Green bonds, social bonds, blue bonds, sustainable and sustainability linked bonds, perpetual bonds and high yield debenture bonds. We hope that CBC Finance - will use the CSE to raise capital through these instruments.”

CBC Finance, formerly known as Indra Finance Ltd and subsequently renamed as Serendib Finance Ltd, was acquired by Commercial Bank of Ceylon PLC in 2014. The company was established in 1987 as Indra Finance Ltd and has 21 branches islandwide, delivering a wide range of financial services to individual and SME segments and enjoys an A (lka) Stable from Fitch Ratings Lanka Limited. 

In the financial year 2024, the company recorded a net profit of Rs.82 million and successfully expanded its total asset base to Rs.17 billion.