CSE enables local corporates to raise foreign currency denominated capital

The Colombo Stock Exchange (CSE) has enabled local entities incorporated or established in Sri Lanka to issue and list foreign currency denominated shares in the main market segment (Diri Savi and Main Boards) of the CSE.

This new financing option for local companies is a result of the new strategic plan the CSE launched in 2020. Having obtained necessary clearances from the Securities & Exchange Commission of Sri Lanka, the Listing Rules and the Trading Rules of the CSE and the CDS Rules of the Central Depository Systems (Pvt.) Ltd. have been suitably amended to facilitate the listing, trading and clearing & settlement of foreign currency denominated shares to be issued by local entities. The aforementioned regulatory framework has been effective since 14th February 2022.

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