First women’s bond from World Bank raises $165 million
Thursday, November 7, 2013
The World Bank on Wednesday said its private sector arm issued about $165 million in ’women’s bonds’ in the first debt sale by the development lender specifically aimed at raising money for businesses owned or run by women in emerging markets.
The International Finance Corporation (IFC) issued the new five-year, triple-A rated bond to Japanese investors. It follows the World Bank’s sale of several billion dollars in “green bonds” over the past five years, whose proceeds go to help countries cut greenhouse gas emissions and adapt to climate change.