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World Bank to sell investor notes via Incapital’s values-based program
By Lisa Kerner
Charlotte, N.C., Oct. 20 – International Bank for Reconstruction and Development (World Bank) launched a new program allowing individual investors in the United States to buy triple-A rated World Bank bonds through Incapital LLC’s Legacy platform.
Legacy is a values-based investing platform that helps financial advisors align their clients’ financial goals with their social impact goals by providing access to investments that create measurable social impact, according to a news release.
Bonds issued by the World Bank under this program will be known as “investor notes.” The notes support projects that are aimed at reducing poverty worldwide, including lending in areas of agriculture and food security, education, energy, finance, trade and industry, law and governance, healthcare and social services, transport and water and sanitation.
“We’re pleased to be working with Incapital to reach more individual and private wealth investors in the United States through safe and liquid fixed-income instruments with optimal returns,” said George Richardson, head of capital markets at the World Bank.
World Bank is based in Washington, D.C.
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