The International Finance Corp. is planning to issue a bond aimed at helping poor and low-income entrepreneurs in the developing world gain access to financial services.
The bond could be issued by the end of September and is expected to raise up to USD323 million. IFC would invest an amount that is at least equal to the bond’s proceeds in microfinance activities in developing countries, according to a news release from the organization.
The bond would be arranged by Daiwa Securities Capital Markets Co. Ltd. and distributed to Japanese investors by Daiwa Securities Co. Ltd.
