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IDB issues poverty reduction bonds

Jan 15, 2011 News

– Caribbean and Latin America to benefit

The Inter-American Development Bank (IDB) and Daiwa Securities Group have announced an issuance of the Poverty Reduction Bonds to support poverty alleviation and improve living conditions of new generations in the Caribbean and Latin America.
These Bonds are IDB’s first impact investment bonds of 2011 and they will be offered in Japan.
The IDB’s Poverty Reduction Bonds provide an opportunity to Japanese retail investors to contribute to poverty reduction in Latin America and the Caribbean.
According to the IDB, the Bank’s programmes seek to stop intergenerational poverty by providing economic incentives to lower income families and improving their children’s nutritional and health standards as well as education attainment among other things. About 40 percent of the total lending of the IDB goes to poverty alleviation programmes.
In July 2010, the IDB issued its first Poverty Reduction Bonds, raising $279 million. Like the first transaction, Daiwa Securities Capital Markets Co. Ltd., the wholesale securities firm under the Daiwa Securities Group, is managing the current sale and Daiwa Securities Co. Ltd., the Group’s retail securities firm, will distribute the bonds to Japanese retail investors.
To pursue its commitment to social responsibility, Daiwa Securities Group has been actively involved in the Impact Investment initiative, seeking out investments that achieve social impact while attaining appropriate financial return.

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