Washington, D.C./Boca Raton, Fl, March
10, 2014—IFC, a member of the World Bank Group, and Incapital LLC,
a leading underwriter and distributor of financial products, are launching
a new program that for the first time allows U.S. individual investors
to buy triple-A rated IFC bonds and support private sector development
in emerging markets.
The new financial instrument, known as IFC Impact Notes, is an alternative
to securities issued by Government Sponsored Enterprises, or GSEs. IFC
Impact Notes have the potential to offer more attractive yields than U.S.
Treasuries with equivalent maturities.
“U.S. institutional investors have consistently participated in IFC bond
issuances, and this is an opportune time for us to launch a program that
introduces us to individual investors,” said IFC Vice President and Treasurer
Jingdong Hua. “As U.S. investors become more familiar with our value proposition,
we anticipate that IFC Impact Notes will grow to become an important component
of our overall funding program.”
Chris O'Connor, Incapital's Managing Director and Head of Capital Markets,
said: “We anticipate that IFC Impact Notes will fill a market gap where
we have seen a limited supply of the highest rated issuers. Incapital is
pleased to partner with IFC in launching their innovative Impact Notes
program serving a new market niche."
IFC raises funds in the global capital markets to support its lending in
emerging markets. Focusing on the private sector, IFC invests to support
job creation, access to health care, education, food, infrastructure, and
finance, and other development priorities. IFC’s current annual funding
program is $16 billion across a range of markets and currencies, with U.S.
dollar borrowings accounting for most of the funding activity. IFC Impact
Notes will be denominated in U.S. dollars.
IFC has been rated triple-A since its first rating in 1989.
IFC Impact Notes Terms and Conditions
The first offering of IFC Impact Notes are five-year, non-call 6-month
step up callable notes with an initial coupon of 1.125%. The maximum coupon
on the note will be 4.00%.
IFC, a member of the World Bank Group,
is the largest global development institution focused exclusively on the
private sector. Working with private enterprises in more than 100 countries,
we use our capital, expertise, and influence to help eliminate extreme
poverty and promote shared prosperity. In FY13, our investments climbed
to an all-time high of nearly $25 billion, leveraging the power of the
private sector to create jobs and tackle the world’s most pressing development
challenges. For more information, visit www.ifc.org
Based in Boca Raton and Chicago, Incapital has established itself as one
of the leading underwriters and distributors of a wide range of securities
and investment products to broker-dealers, asset managers and institutional
investors. Incapital originates and distributes offerings across multiple
asset classes including fixed income, equity and equity hybrid securities.
Incapital LLC, 200 South Wacker Dr. Suite 3700 Chicago, IL 60606. Phone:
312.379.3700. 1800 North Military Trail Suite 400 Boca Raton, FL 33431
Securities offered through, and UITs sponsored by, Incapital LLC, Member
FINRA/SIPC. Annuities and insurance products offered through Incapital
Insurance Services LLC, Member FINRA/SIPC.
These securities are only being made available by means of a prospectus
and/or other offering documents. Before you invest, you should read the
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for more complete information about the issuer and this offering. You may
get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, the issuer, any underwriter or any dealer participating
in the offering will arrange to send you the prospectus if you request
it by calling toll-free 1-800-327-1546.
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than the original amount invested. Depending upon the specific product
offering, investment risks include, but are not limited to, interest rate
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otherwise specified in the respective offering documentation, the product(s)
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in any financial product(s).
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sale in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful or prohibited by the specific offering documentation.
Securities offered through and UITs sponsored by Incapital LLC,
Member FINRA / SIPC. Annuities and insurance products offered through Incapital
Insurance Services LLC, Member FINRA / SIPC. © 2014 Incapital. All rights
reserved. Incapital, 200 South Wacker Dr. Chicago, IL 60606.