Date:
4/1/2014
Impact Notes: An Alternative to GSEs
People who invest in highly rated securities from U.S. government-sponsored enterprises (GSEs) now have an alternative with a new bond program unveiled last month focused on supporting private sector development in emerging markets through triple-“A” rated bonds.
These securities, called Impact Notes, are the combined effort of the International Finance Corp., a member of the World Bank Group and the largest global development institution focused solely on the private sector in developing countries, and Incapital LLC, a leading underwriter and distributor of financial products.
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