Sri Lanka, Sept. 16 -- Fitch Ratings has assigned DFCC Bank PLC's (A(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed blue bonds of up to LKR3 billion an expected National Long-Term Rating of 'A(EXP)(lka)'.

The bonds, which would be the first listed blue bond issuance in Sri Lanka, will mature in three, four or five years. The proceeds from the bond issuance will be used to finance eligible blue projects that support the sustainable use of marine and coastal resources and build coastal communities' resilience to climate risks.

The final rating is subject to the receipt of final documentation conforming to information already received. The blue bond is rated at the same level as DFCC's National Long-Term Rating ...