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IFC Partners with DZ Bank AG to launch Inaugural Green N-Bond

Washington, D.C., October 31, 2019 —IFC, a member of the World Bank Group, has issued its inaugural euro-denominated green bond in the N-Bond format, attracting German institutional investor demand, and raising 20 million Euros for climate-smart investments, including renewable energy, green buildings, sustainable forestry, and energy efficiency.
The notes are structured with an embedded issuer’s call-right after ten-years, maturing in 40 years, while carrying a coupon of 1.027%. The notes settle today, October 31st, 2019.
“We are pleased to see strong investor appetite for investing in the climate-smart business solutions that are vital for sustainable growth of economies, better standards of living and the future of our planet,” said IFC Vice President and Treasurer John Gandolfo .
“IFC’s inaugural euro-dominated green bond in the N-Bond format demonstrates how we are mobilizing innovative finance and attracting institutional investors, including in Germany, to meet the Sustainable Development Goals,” Gandolfo added.
Fritz Luithlen, Global Head of Debt Capital Markets at DZ BANK AG said: “Transactions like IFC’s inaugural green registered notes foster the penetration of the German financial market with sustainable and green investment alternatives. DZ BANK, as the Central Bank and international arm of the German Cooperative Financial System is delighted to collaborate with IFC, a founding member of the Green Bond Principles, in dealing such customized solutions to the steadily growing number of green and sustainable conscious institutional investors in and outside of Germany."
Maximilian Lainer, Head of MTN at DZ BANK AG said: “We are pleased to support IFC in its role as a sustainable, innovative, multi-channel issuer that taps the market with green bonds in different currencies and legal formats. In this issue, DZ is proud to act as the transaction’s dealer and agent. Registered Notes, or so-called N-Bonds, are a widely used issuance format among German institutional investors. The notes are governed under German law and obtain certain accounting advantages compared to standard MTN-issues for hold to maturity investments under German GAP."
IFC was also one of the earliest issuers of green bonds, launching a green bond program in 2010 to help catalyze the market and unlock investment for private sector projects that support renewable energy and energy efficiency. IFC has a cumulative green bond issuance of more than $10 billion across 157 green bonds in 18 currencies.
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 where they are needed most. In fiscal year 2019, we delivered more than $19 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 .
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