International Finance Corporation (2026). Summary of Investment Information: DCM FRB CWB, project 52393. Disclosed 1 April 2026.
IFC’s project disclosure for “an up to ZAR1.6 billion IFC anchor investment in a senior unsecured outcome-based bond”, approved 20 March and invested 31 March 2026. It states IFC’s case for being needed (“IFC will anchor the first outcome-based bond issued by a commercial bank globally”), the expected development impact on water security, and that bond proceeds are on-lent to agricultural small businesses. The wiki takes from it IFC’s own stated rationale and the open question of how the bond’s principal relates to the clearing work.