World Bank (IBRD) Investor Notes Prospectus Supplement (pdf)
World Bank (IBRD) Introduces New Bond Program for Individual Investors in the U.S. to Support Sustainable Development around the World
Washington, DC, October 19, 2015 – The World Bank (International Bank for Reconstruction and Development, IBRD) is pleased to announce the launch of a new program allowing individual investors in the U.S. to buy triple-A rated World Bank bonds through Incapital LLC’s Legacy™ platform.
Legacy™ is a values based investing platform that helps financial advisors align their clients’ financial goals with their social impact goals by providing convenient access to attractive investments that create measurable social impact. The bonds issued by the World Bank under this new program will be known as “Investor Notes” and designed for U.S. individual investors who seek to create both financial return and measurable positive social or environmental impact.
By choosing the World Bank Investor Notes, investors benefit from IBRD’s triple-A credit rating and competitive rates, while supporting projects financed by the World Bank that have a positive impact. All World Bank Investor Notes support projects that are aimed at reducing poverty worldwide. This includes lending in areas of agriculture and food security, education, energy, finance, trade and industry, law and governance, healthcare and social services, transport, and water and sanitation.
“We’re pleased to be working with Incapital to reach more individual and private wealth investors in the United States through safe and liquid fixed-income instruments with optimal returns. Investors additionally benefit from the impact they are making with their investments in communities around the world. For this we appreciate their interest in the World Bank and look forward to continuing this growing relationship,” said George Richardson, Head of Capital Markets at the World Bank.
World Bank Investor Note bond offerings are consistent with the World Bank’s longstanding practice of deploying its franchise as an issuer in the international capital markets to offer investors high-quality, liquid instruments. This approach has direct benefits for World Bank member countries as well, since as a cooperative institution, it is able to fund its activities on highly attractive terms.
About the World Bank
The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944 and the original member of the World Bank Group. It operates as a global development cooperative owned by 188 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for over 60 years to fund its activities that achieve a positive impact. Information on bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities
About Incapital LLC
Incapital was founded in 1999 and today is a leading underwriter and distributor of securities to 800+ broker-dealers, institutions, asset managers, RIAs and banks. The firm represents over 300 issuing entities and has underwritten $400 billion in securities.
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