IFC launches first social bond in private placement format
The International Finance Corporation (IFC) has extended its newly minted social bond programme into the private placement market. MTN bankers believe the social format could prove more popular in the private market than green bonds.
The supranational raised $100m of 10 year paper with a private placement sold through Crédit Agricole. The bond carried a coupon of 2.383% and was priced at par.A spokesperson at the IFC said that the level was inside the borrower’s public dollar curve but in line with the ...
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