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IFC Social Bond Program by Nippon Life

WASHINGTON -  IFC, a member of the World Bank Group, issued a US$100 million Social Bond placed with Nippon Life Insurance Company. The ten-year bond marks the first issuance in a private placement format under IFC’s Social Bond Program, creating a new channel for investors to support the growth of the program. IFC will use the bond proceeds to finance projects in developing countries........

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