Top News
WindForce PLC Withdraws Application for Proposed LKR 4 Billion Green Bond Issue
Sep 29, 202612:37 PM
Renewable energy firm WindForce PLC has officially notified the Colombo Stock Exchange (CSE) of its decision to withdraw its initial listing application for a proposed LKR 4 billion Green Bond issue, pointing to unfavorable broader market dynamics.
In a corporate disclosure submitted on Monday (28), the company announced that it will not proceed with the debenture offering due to "prevailing adverse market conditions".
The withdrawal follows an earlier disclosure dated April 2, 2026, in which WindForce PLC’s Board of Directors resolved to issue up to 40 million Listed, Rated, Senior, Unsecured, Redeemable Green Bonds with a total value of up to LKR 4,000,000,000 (Sri Lankan Rupees Four Billion), subject to regulatory approvals.
At the time of the original announcement, details regarding the bonds' tenure, interest rates, and specific characteristics were expected to be announced in due course. However, changing macroeconomic conditions have led the board to shelve the issuance prior to market placement.
