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IFC and StanChart collaborate on credit-linked notes to improve microfinance sector
16 May 2008
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microfinance trade finance Standard Chartered World Bank IFC
IFC and Standard Chartered Bank have collaborated on the launch of the first-ever issuance of notes backed by loans to microfinance institutions in Africa and Asia. The innovative transaction will establish a new product to provide investors with access to microfinance as an asset class, and it will enable Standard Chartered to expand its lending to the microfinance sector.
IFC will invest $45...
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