DFCC Bank provides an extensive range of Corporate Finance services to a diversity of clients that includes individuals, corporate institutions and the Government of Sri Lanka. With a presence that goes back to the time that Investment Banking took off in Sri Lanka, we are one of the most experienced institutions in this field in the country having played a leading role or been associated with many of the more notable transactions that have taken place in the domestic capital market and financial advisory services sector.

Our investment banking activities are fund-based as well as fee-based. Their scope also includes other capital market activities such as fund management and stock broking. These are undertaken in the form of separate subsidiary companies.

Our fund-based activities include:
Public and Private, Equity and Debt Investments
Share and Debt Issue Underwriting

Our fee-based services include advisory services in respect of:
Mergers and Acquisitions
Company Valuations
Financial and Corporate Restructuring
Privatisations
Loan and Equity Syndication
Structuring and Managing Public Equity and Debt Issues

Among the more noteworthy transaction executed by DFCC are:
Privatisation of Sri Lanka Telecom

In 1997, DFCC Bank partnered Deutsche Morgan Grenfell in advising the Government on the privatisation of Sri Lanka Telecom including a sale of a 35% equity stake to NTT of Japan together with transfer of management control. The equity sale realized US$ 225Mn and the privatisation was upheld as a model transaction.

Term Loan Syndication for Sri Lanka Telecom

DFCC Bank lead arranged a term loan facility of Rs 5.7 bn for Sri Lanka Telecom.The syndication was in two tranches - Rs 4.1 Bn in 1998 followed by Rs 1.6 Bn in 2000. The syndication represents the largest capital raised by a commercial enterprise in Sri Lanka to date.

Structuring and Managing Ceylon Glass Company and Sri Lanka Telecom Debt Issues

DFCC Bank structured and managed the maiden debenture issues of these two enterprises. Both were landmark transactions. The Ceylon Glass issue in 1998, was the first issue by a non-financial institution in Sri Lanka. The Sri Lanka Telecom issue of 2000 was the first rated issue in Sri Lanka; it was also the first by an unlisted company and remains the largest - Rs 1.5 Bn - to date.