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BOC rings the bell for Sri Lanka's largest sustainability bond issue in history

Daily FT

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January 30, 2026

The Bank of Ceylon (BOC) marked the listing of its inaugural Basel III-compliant Tier II Sustainability Bond with a bell ringing ceremony at the Colombo Stock Exchange, formally recognizing the largest sustainability bond issuance ever undertaken in Sri Lankan history and the first by a state-owned bank.

BOC rings the bell for Sri Lanka's largest sustainability bond issue in history

THE ceremony, was attended by the Chairman, members of the Board of Directors, Acting General Manager/Chief Executive Officer, senior management of BOC, Chief Executive Officer of Colombo Stock Exchange and other representatives of BOC and CSE, and key stakeholders of the bond issuance. The event symbolized the entry of a landmark sustainable instrument into Sri Lanka’s listed debt market and showcased growing investor confidence in structured, transparent capital market solutions.

BOC’s sustainability bond, which was oversubscribed and closed on the opening day of December 22, 2025, has been widely viewed as a notable development for Sri Lanka’s capital markets at a time of heightened climate vulnerability and liquidity constraints due to modest pressure on interest rates.

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