IFC issues bonds in the global capital markets to fund investments in the private sector in emerging markets. In addition to public bonds in key markets such as those in U.S. dollars and in Australian dollars, IFC issues Uridashi bonds. We also raise capital through private placements.
IFC’s offerings include structures such as equity index- or FX-linked with fixed or digital coupon, dual currency, and zero-coupon.
IFC has an active Uridashi buyback program with a minimum buyback size of 100 million Japanese yen equivalent.
IFC continues to actively respond to demand for IFC green and social bonds in Japan. In FY18, more than 20 Uridashi green and social bonds were issued across currencies including the Australian dollar, the Mexican peso, the Brazilian real, and the South African rand. IFC also collaborates with Japanese institutional investors to offer a tailor-made transaction with exposure to impact investment products.
In FY18, IFC issued 140 Uridashi transactions across eight currencies, totaling $1.4 billion equivalent.