OREANDA-NEWS. Today, the Inter-American Development Bank (“IDB” or “IADB”) and Nomura announced a new offering of Education, Youth, and Employment (EYE) Bonds to Japanese retail investors, due for sale on the 28th October. The notes will be denominated in Brazilian Real (3 year tenor), Indian Rupee (5 year tenor) and Turkish Lira (3 year tenor), and will constitute the first such sale of EYE Bonds denominated in these currencies to retail investors in Japan.

The IDB provides financing to support projects in Latin America and the Caribbean countries in order to reduce poverty and inequality. Since becoming the first Asian member country of the IDB in 1976, Japan has been involved in IDB projects through a number of funds and programs.

The IDB segregates the proceeds from EYE bonds in a separate sub-account, disbursing funds only to education, youth or unemployment projects which fulfill [meet] specific criteria.

Nomura has a strong track record in the sustainability financing sector, promoting financial products which not only generate a return on investment, but also address social and environmental issues. Through the sale of the IDB’s EYE Bonds, Nomura serves as a conduit for investors who wish to contribute to society through their investments and support development projects in Latin America and the Caribbean. These projects will increase productivity and improve employment prospects for young people.

“The EYE bond reflects IDB’s mission of improving lives in Latin America and the Caribbean with focus on three key priority areas – Education, Youth, Employment. We are delighted to learn that Japanese retail investors have a strong interest and desire to support social and economic development projects in Latin America and the Caribbean,” said Laura Fan, Head of Funding, at the IDB.

“The IDB EYE bond programme represents a gold standard in “social development” issuance programmes in the debt capital markets. Nomura are delighted to leverage our expertise with the Japanese retail investor base to facilitate investment in this worthwhile cause and look forward to future involvement in the programme,” said Spencer Dove, Managing Director, DCM SSA at Nomura International plc.

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.

About Nomura

Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership.