| Description of the Capital Instrument (Bank Only) | Stated capital |
Subordinated Term-debt (2016 – Type B) |
Subordinated Term-debt (2018 – Type A) |
Subordinated Term-debt (2018 – Type B) |
Subordinated Term-debt (2020 – Type A) |
Subordinated Term-debt (2020 – Type B) |
| Issuer | DFCC Bank PLC | DFCC Bank PLC | DFCC Bank PLC | DFCC Bank PLC | DFCC Bank PLC | DFCC Bank PLC |
|
Unique Identifier (e.g., ISIN or Bloomberg identifier for private placement) |
LK0055N00000 | C-2367 | C-2393 | C-2394 | C-2458 | C-2457 |
| Governing Law(s) of the Instrument | Companies Act No. 07 of 2007, Colombo Stock Exchange Regulations | Securities and Exchange Commission Act No. 36 of 1987 (as amended), Colombo Stock Exchange Regulations | ||||
| Original date of issuance | May 1956 to May 2019 | 9 November 2016 | 26 March 2018 | 26 March 2018 | 23 October 2020 | 23 October 2020 |
| Par value of instrument (LKR) | 10 | 100 | 100 | 100 | 100 | 100 |
| Perpetual or dated | Perpetual | Dated | Dated | Dated | Dated | Dated |
| Original maturity date, if applicable | N/A | 9 November 2023 | 29 March 2023 | 29 March 2025 | 23 October 2025 | 23 October 2027 |
|
Amount recognised in regulatory capital (in LKR ’000 as at 31 December 2022) |
13,182,025 | 1,208,628 | 582,694 | 2,451,918 | 2,590,800 | 205,000 |
| Accounting classification (Equity/liability) | Equity | Liability | Liability | Liability | Liability | Liability |
| Issuer call subject to prior supervisory approval | ||||||
|
Optional call date, contingent call dates and redemption amount (LKR ’000) |
N/A | N/A | N/A | N/A | N/A | N/A |
| Subsequent Call Dates, if Applicable | N/A | N/A | N/A | N/A | N/A | N/A |
| Coupons/Dividends | ||||||
| Fixed or Floating Dividend/Coupon | Floating dividend | Fixed coupon | Fixed coupon | Fixed coupon | Fixed coupon | Fixed coupon |
| Coupon rate and any related index (%) | N/A | 12.75 p.a | 12.6 p.a | 13 p.a | 9 p.a | 9.25 p.a |
| Non-cumulative or cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative |
| Convertible or nonconvertible | Non-convertible | Non-convertible | Convertible | Convertible | Convertible | Convertible |
| If Convertible, conversion trigger (s) | N/A | N/A |
Determined by and at the sole discretion of the Monetary Board of the Central Bank of Sri Lanka, and is defined in the Banking Act Direction No. 1 of 2016 |
Determined by and at the sole discretion of the Monetary Board of the Central Bank of Sri Lanka, and is defined in the Banking Act Direction No. 1 of 2016 |
Determined by and at the sole discretion of the Monetary Board of the Central Bank of Sri Lanka, and is defined in the Banking Act Direction No. 1 of 2016 |
Determined by and at the sole discretion of the Monetary Board of the Central Bank of Sri Lanka, and is defined in the Banking Act Direction No. 1 of 2016 |
| If Convertible, fully or partially | N/A | N/A | Fully | Fully | Fully | Fully |
| If Convertible, mandatory or optional | N/A | N/A | Mandatory | Mandatory | Mandatory | Mandatory |
| If Convertible, conversion rate | N/A | N/A | Based on the simple average of the daily Volume Weighted Average Price (VWAP) of an ordinary voting shares during the three months (0-3) period, immediately preceding the date of the trigger event. | Based on the simple average of the daily Volume Weighted Average Price (VWAP) of an ordinary voting shares during the three months (0-3) period, immediately preceding the date of the trigger event. | Based on the simple average of the daily Volume Weighted Average Price (VWAP) of an ordinary voting shares during the three months (0-3) period, immediately preceding the date of the trigger event. | Based on the simple average of the daily Volume Weighted Average Price (VWAP) of an ordinary voting shares during the three months (0-3) period, immediately preceding the date of the trigger event. |