Misawa, Misawa, Fuchinoue, Kinoshita, Kishino
Daiwa Securities Group Inc.
Kanda, Serizawa, Niida
Daiwa Securities Capital Markets Co. Ltd.
In Washington, D.C.:
Phone: +1 (202) 473-4645
Tokyo, Washington, D.C., September 1,
2010—IFC, a member of the World Bank Group, and Daiwa Securities Group
plan to issue a bond later this month that will expand access to finance
for poor and low-income entrepreneurs in developing countries.
The bond is expected to raise up to $323 million, a comparable amount to
IFC’s microfinance program in recent years. IFC will invest an amount
at least equal to the bond proceeds to support microfinance activities.
The notes will be issued under IFC’s Global Medium-Term Note Program.
The issue will be arranged by Daiwa Securities Capital Markets Co. Ltd.,
the wholesale securities firm under Daiwa Securities Group, and distributed
by Daiwa Securities Co. Ltd. to Japanese retail and institutional investors.
Microfinance is a powerful instrument for reducing poverty. It enables
poor people to build assets, increase incomes, and reduce their vulnerability
to economic stress. IFC focuses on commercially viable microfinance
institutions that can attract private capital needed to scale up and respond
to unmet demand. Japanese investors are helping meet the need as
well through their investments in the microfinance bond, indirectly contributing
to poverty reduction.
This will be IFC’s second microfinance bond. The first issue in
November 2009 raised about 25 billion Japanese yen.
The bond is an example of Daiwa’s Impact Investment initiative. Under
this initiative, Daiwa Securities Group actively pursues its commitment
to social responsibility by seeking out investments that achieve social
impact while attaining appropriate financial returns.
Circa 3 years
Circa 3 years
4.0% per annum
5.7% per annum
September 9 -September
|Delivery of the Notes
September 22, 2010
September 24, 2013
September 26, 2013
Aaa (Moody’s), AAA (S&P)
IFC, a member of the World Bank Group, is the largest global development
institution focused on the private sector in developing countries. We create
opportunity for people to escape poverty and improve their lives. We do
so by providing financing to help businesses employ more people and supply
essential services, by mobilizing capital from others, and by delivering
advisory services to ensure sustainable development. In a time of global
economic uncertainty, our new investments climbed to a record $18 billion
in fiscal 2010. For more information, visit www.ifc.org.
Daiwa Securities Group Inc., headquartered in Tokyo, Japan, is the holding
company of group companies that provide a broad range of investment and
financial services. Brokerage of equities, bonds, derivatives and other
financial products, investment banking services such as underwriting and
M&A advisory, asset management for retail and institutional clients,
as well as venture capital and principal investments are included in these
services. A total of 16,000 employees work for the Group around the world.
Customers’ assets under custody totaled JPY42.2 trillion and assets under
management of the Group’s two asset management companies totaled JPY12.8trillion
as of the end of 2009. The Group has its operational base around the world,
including Japan, the US, Europe, and Asia Oceania. Through this global
network, the Group provides a broad range of services to fulfill the needs
of its clients worldwide.