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Washington, D.C., May 17, 2011
—IFC, a member of the World Bank Group, has issued a series of Uridashi Green Bonds, reflecting its strong commitment to reducing greenhouse-gas emissions by supporting climate-friendly projects in developing countries.
An Uridashi bond is a bond denominated in a foreign currency and sold directly to Japanese retail investors. Funds raised from IFC Uridashi Green Bonds are set aside in a separate account for investing exclusively in renewable energy, energy efficiency, and other climate-friendly projects in developing countries. Through IFC Green Bonds, investors can directly support climate change-related projects in the developing world.
Nomura, a leading financial-services group based in Japan, was the lead manager in IFC’s first Uridashi Green Bond issue in February 2011, and it is the lead for this latest multi-tranche offering in Australian dollars, South African rand, and EUR.
“Given the increasing concerns over climate change, Nomura is bridging the needs of individual investors who wish to participate in environmental solutions with the funding needs of climate change mitigation efforts worldwide,” said Yuji Hibino, Managing Director for Nomura’s Retail Planning department.
This is the third time that IFC has issued bonds related to renewable-energy and energy-efficiency projects.
“This latest issue maintains IFC’s consistent approach to this market,” said Jingdong Hua, IFC Vice President of Treasury and Information Technology. “Our Green Bond issues contribute to IFC’s climate-change strategy, offering both development impact and good return for investors.”
Projects that may be funded by the Green Bonds include rehabilitation of power plants and transmission facilities to reduce greenhouse-gas emissions, solar and wind installations, and funding for new technologies that result in significant reductions in emissions.
In total, the four tranches raised $135 millon, detailed below:
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Tranche #1:
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AUD 42.3m 3 Year Fixed Rate Note Coupon: 4.860% p.a.
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Settlement: 24 Feb 2011
Maturity: 24 Feb 2014
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Tranche #2:
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ZAR 175.7m 3 Year Fixed Rate Note Coupon: 6.100% p.a.
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Settlement: 19 May 2011 Maturity: 19 May 2014
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Tranche #3:
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EUR 15.8m 3 Year Fixed Rate Note Coupon: 1.430% p.a.
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Settlement: 19 May 2011
Maturity: 19 May 2014
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Tranche #4:
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AUD 41.3m 3 Year Fixed Rate Note Coupon: 4.750% p.a.
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Settlement: 19 May 2011
Maturity: 19 May 2014
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About Nomura
Nomura is a leading financial-services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate, and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 27,000 staff worldwide. Nomura’s unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, asset management, and wholesale (global markets and investment banking). For further information, please visit
www.nomura.com
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About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives. We do so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development. In a time of global economic uncertainty, our new investments climbed to a record $18 billion in fiscal 2010. For more information, visit
www.ifc.org
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