IFC Aims To Woo India Investors With $1B Bond Program

Law360, New York (October 9, 2013, 6:48 PM EDT) -- The International Finance Corp. will issue $1 billion in Indian rupee-linked offshore bonds to augment India's capital markets and attract investors, the World Bank division announced Wednesday.

The IFC will use bond proceeds to finance various private sector investments in the country, the bank said. The move increases IFC's already considerable commitment to India, which accounts for $4.5 billion of the company's investment portfolio, more than any other country. IFC expects the bond program, currently the biggest of its kind in India, to create more development...
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