• IFC adds A$50m to Kanga 10s

    The International Finance Corporation tapped a July 2026 Australian dollar bond for A$50m ($38.1m) on Monday. As part of its efforts to increase the minimum size of its 10 year Kangaroo taps from A$20m to A$50m, the IFC found investors to top up an initial A$30m reverse enquiry.

    • 24 Oct 2016
  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes.

    • 14 Oct 2016
  • IFC ready for renminbi return

    Already a pioneering issuer in the currency, the International Finance Corporation (IFC) believes greater regulatory clarity will provide a fresh boost to its onshore and offshore renminbi funding plans, Monish Mahurkar, director for treasury market operations, told GlobalRMB.

    • 13 Oct 2016
  • SSAs out in force in dollars before Fed blocks window

    Public sector borrowers are piling into the dollar market at the start of the week, with a US Federal Reserve rate decision on Wednesday likely to shorten the issuance window.

    • 19 Sep 2016
  • Sustainable and Responsible Capital Markets Awards 2016: the Winners

    GlobalCapital announces the results of its first full scale, standalone set of Sustainable and Responsible Capital Markets Awards.

    • 07 Sep 2016
  • Japanese buyers pile into Kangas

    The long end of the Kanga curve saw action this week, as Japanese investors hunted for yieldy paper.

    • 25 Aug 2016
  • Jumbos return as market readies for September rush

    The European Investment Bank returned to capital markets with a splash on Tuesday, indicating that, what passed for 2016’s summer break is coming to an end.

    • 24 Aug 2016
  • Funding scorecard: supranationals

    This week's scorecard looks at where supranationals are in their funding programmes ahead of the September rush.

    • 19 Aug 2016
  • Abandoned currency peg opens naira door

    The International Finance Corporation has brought its second Nigerian naira bond of the year, just one week after its first issuance in the currency since August 2015.

    • 16 Aug 2016
  • IFC sells first naira bond since currency peg dropped

    The International Finance Corporation (IFC) has sold the first Nigerian naira bond since the country's central bank abandoned the currency’s peg to the dollar.

    • 11 Aug 2016
  • IFC USD2.5bn 1.125% Jul 2021

    • 14 Jul 2016
  • Dollar downpour shows market depth

    The insatiable public sector investor base swallowed three dollar trades on Wednesday, encouraging other issuers to join the fun.

    • 13 Jul 2016
  • Last hurrah for SSAs ahead of summer holidays

    Public sector borrowers are in the middle of a monster week of borrowing, with seven benchmarks hitting screens so far.

    • 13 Jul 2016
  • KfW leads dollar torrent

    KfW paved the way for a slew of dollar mandates from SSA borrowers on Tuesday with a $5bn new issue.

    • 12 Jul 2016
  • Funding scorecard: supranationals

    This week's scorecard looks at the progress of supranationals in their funding programme, including World Bank and IFC's first week of their new funding year.

    • 08 Jul 2016
  • SRI bonds smooth risky execution

    Bank Nederlandse Gemeenten placed its inaugural social bond on Wednesday sharing the socially responsible investment (SRI) sector with a tap from the International Finance Corporation. The Dutch agency now wants more of the same.

    • 07 Jul 2016
  • Two-way CSAs popular for structured notes

    Supranationals are experiencing a resurgence in interest in structured notes and, for some issuers, switching to two-way credit support annexes is enabling them to make the most of the demand.

    • 16 Jun 2016
  • Linear callable demand heats up

    The International Finance Corporation has sold a $30m June 2046 linear callable zero note, in response to a series of enquiries for the product.

    • 13 Jun 2016
  • Funding scorecard: supranationals

    Read on to see how far selected supranationals have progressed with their funding for the year.

    • 20 May 2016
  • IFC throws weight behind $100m Asia loan fund

    The International Finance Corp and ADM Capital have launched a new $100m fund that will be used to syndicate loans to cash strapped small and medium sized companies in Asia, which have found themselves locked out of debt markets. While the venture wants to be a safety net for SMEs, the market will take some convincing, writes John Loh.

    • 19 May 2016
  • IFC, ADM set up loan platform for stressed firms

    IFC and ADM Capital have launched a new platform that aims to syndicate lending to sound but financially stressed companies in Asia, filling a gap in lending to small and medium-sized enterprises.

    • 17 May 2016
  • Phnom Penh SEZ aims to bring fourth Cambodia listing

    Phnom Penh Special Economic Zone (PPSEZ) is set to become the fourth IPO on the Cambodian Stock Exchange after gaining regulatory approval to list.

    • 14 Apr 2016

IFC data breakdown

Sources: IFC, Dealogic

Credit rating Aaa/AAA/NR
Basel II risk weighting
2121 Pennsylvania Avenue, NW,
Washington, DC 20433 USA

IFC data

Dealer League Table IFC

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Oct 2016
1 JPMorgan 2,748.07 83 26.93%
2 TD Securities Inc 901.99 15 8.84%
3 Nomura 892.17 10 8.74%
4 BMO Capital Markets 813.56 3 7.97%
5 Barclays 799.41 3 7.83%
Key officials Jim Yong Kim: president
Jin-Yong Cai: executive vice president and CEO
Overview commentary The International Finance Corporation (IFC) is a member of the World Bank group. It provides
investment and advisory services to build the private sector in developing countries. The IFC was
established in 1956 and ended that year with 56 member countries. Membership has increased
gradually, standing at 184 at the end of 2011-2012 financial year.

The member countries provide IFC’s authorised share capital of $2.58bn, 51% of the capital are held by G7 countries, collectively determine its policies, and approve investments.
Guarantee All of IFC's notes constitute direct, unconditional, general and unsecured obligations of the corporation. The notes are not obligations of the IBRD or of any of its shareholders and IFC's notes are not fully or partially guaranteed by the World Bank or any of its shareholders.
Ownership structure IFC has 184 Member Countries and 51% of the capital is held by G7 countries. IFC has strong shareholder support and is the only supranational with fully paid-in capital, exclusively in US dollars.
Private placement policy
IFC aims to maintain its position as an active and flexible issuer of plain vanilla and structured notes and works on reverse enquiry basis offering extensive products including interest rate linked, FX linked, index linked, equity linked, FRNs, emerging market currencies/linkers, Bermudan and European callables. Minimum size $3 million equivalent; maturities ranging from 1 to 30 years.

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Oct 2016
1 Barclays 17,712.42 28 10.18%
2 HSBC 15,533.67 22 8.92%
3 Citi 14,240.06 25 8.18%
4 JPMorgan 13,867.62 25 7.97%
5 Goldman Sachs 12,908.35 21 7.42%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 JPMorgan 47,915.74 155 11.14%
2 Citi 43,398.84 122 10.09%
3 Bank of America Merrill Lynch 40,272.01 116 9.37%
4 HSBC 36,100.97 93 8.40%
5 Goldman Sachs 30,164.00 67 7.02%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Oct 2016
1 Barclays 34,858.37 89 8.59%
2 UniCredit 31,679.17 110 7.80%
3 HSBC 30,116.72 109 7.42%
4 JPMorgan 26,804.73 83 6.60%
5 Credit Agricole CIB 26,667.91 76 6.57%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 JPMorgan 82,573.43 488 7.38%
2 HSBC 79,962.39 308 7.14%
3 Citi 74,258.05 242 6.63%
4 Barclays 72,676.16 233 6.49%
5 Bank of America Merrill Lynch 59,071.27 191 5.28%