Date: 7/30/2019
Source: IFC
Author: IFC

IFC Launches Social Impact Notes – an investor opportunity to support positive social impact, including in Haiti

Miami, Florida, July 30, 2019—IFC, a member of the World Bank Group, launched its new Social Impact Notes program, a Triple A-rated impact investment opportunity for retail investors to support projects with positive social outcomes.

 

IFC showcased eligible IFC projects in Haiti that support job creation, manufacturing capacity and environmental and social sustainability, at the event welcoming members of the Haitian community, and the broad impact investor community, as well as finance and project experts.

 

John Gandolfo, IFC Vice President & Treasurer said: “Bonds focused on social impact have captured the interest of many investors. With IFC’s Social Impact Notes, retail investors can support projects that target positive social impacts, such as those outlined in the UN Sustainable Development Goals and the Social Bond Principles.”

 

IFC’s Social Impact Notes will be available to retail US investors who have an interest in socially responsible investing. The bonds are based on IFC’s GMTN program, as supplemented by the Impact Notes Prospectus Supplement. The Notes may be offered in various tenors and formats: fixed rate, step-up fixed rate, floating rate.

 

The Social Impact Notes are offered for subscriptions during a week-long offering period, in denominations of $1,000, and are available through an extensive nationwide network of over 500 broker-dealers and registered investment advisors via the Incapital Legacy™ platform.

 

On an annual basis, IFC provides impact reporting to investors on projects financed using the proceeds from the bonds.

 

 

About IFC
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org