Saturday, December 14, 2019

 


Fiera Capital Corp
(TSX: FSZ.TO) Add to Watchlist
$11.19
-0.01 (-0.09%)
as of Dec 13, 2019

Fiera Capital Invests in World Bank Sustainable Development Bond

Fiera Capital Corporation (TSX:FSZ.TO) ("Fiera Capital" or the "Firm"), a leading independent investment management company, the manager of the Fiera Multi-Strategy Income fund (the "Fund"), today announced that the Fund has invested in the World Bank's recently issued Sustainable Development Bond.

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) launched a CAD 15 million dollar, 3-year, Sustainable Development Bond as part of a campaign to raise awareness for the critical need to protect and sustain water and ocean resources. Fiera Capital was the sole investor in this transaction.

This is the latest example of the World Bank's engagement with investors around specific development challenges and the Sustainable Development Goals ("SDGs"). Through this engagement, the World Bank and Fiera Capital are raising awareness for SDG 6, Clean Water and Sanitation, and SDG 14, Life Below Water.

The World Bank, as the largest multilateral funder for ocean and water projects in developing countries, is committed to working with countries to ensure access to safe and clean water and for the sustainable use of ocean and marine resources. This includes avoiding pollution reaching oceans through better waste management.

"World Bank Sustainable Development Bonds are an opportunity to engage with investors as they integrate environmental, social and governance criteria in their investment decisions and focus on impact. We are pleased to collaborate with Fiera Capital to communicate the urgency and focus needed to protect water and ocean resources to sustain health, provide food and energy, manage the environment, and create jobs," said Heike Reichelt, Head of World Bank's Investor Relations and New Products.

"The World Bank continues to be a global leader in the impact investing space. Fiera Capital is proud to partner with them in a bond to highlight projects to meet the Sustainable Development Goals 6 and 14; as water is a critical aspect of human life and oceans are the planet's life support system. We are proud to be part of something bigger than ourselves that has a direct positive impact," said Francois Bourdon, Global Chief Investment Officer, Fiera Capital.

The World Bank issues USD 50 to USD 60 billion annually in bonds for sustainable development. All World Bank bonds support the financing of programs that support the Sustainable Development Goals. World Bank bonds are consistent with the sustainability bond guidelines published by the International Capital Markets Association. A key priority for the World Bank's engagement in the capital markets is to build strategic partnerships with investors to raise awareness for the role of private sector financing in sustainable development.

Transaction Summary*

    ---

        Issuer                          World Bank (International Bank for Reconstruction
                                         and Development, IBRD)

    ---

        Issuer
         Rating
            Aaa/AAA

    ---

        Amount
            CAD 15,000,000

    ---

        Settlement
         Date
            October 3, 2019

    ---

        Maturity
         Date
            October 3, 2022

    ---

        Issue Price                                                                  100%

    ---

        Coupon (per                     1.53 per cent. Fixed Rate (as defined in the
         annum)                          applicable Final Terms)

    ---

        Coupon                          April 3 and October 3 of each year, from and
         Payment                         including April 3, 2020 to and including the
         Dates                           Maturity Date

    ---

        Listing
            None

    ---

        Clearing
         System
            Euroclear/Clearstream

    ---

        Lead Manager
            JP Morgan

    ---

        ISIN
            XS2059903646

    ---
The net proceeds from the sale of the bonds
                             are used by the World Bank to finance
                             sustainable development projects and
                             programs in the World Bank's member
                             countries without being committed or
                             earmarked for lending to, or financing of,
                             any particular projects or programs. Returns
                             on the bonds are not linked to the
                             performance of any particular project or
                             program.




                            *This press release is not an offer for sale
                             of bonds of the International Bank for
                             Reconstruction and Development ("IBRD"),
                             also known in the capital markets as "World
                             Bank". Any offering of the bonds will be
                             made only by means of a prospectus
                             containing detailed information that will be
                             made available through the joint lead
                             managers and is subject to restrictions
                             under the laws of several countries. Bonds
                             may not be offered or sold except in
                             compliance with all such laws.

About Fiera Capital Corporation

Fiera Capital is a leading independent asset management firm with approximately C$149.5 billion in assets under management as of June 30, 2019. The firm provides institutional, retail and private wealth clients with access to full-service integrated money management solutions across traditional and alternative asset classes. Clients and their portfolios derive benefit from Fiera Capital's depth of expertise, diversified offerings and outstanding service. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com

In the U.S., asset management services are provided by the firm's U.S. affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.

Additional information about Fiera Capital Corporation, including the firm's annual information form, is available on SEDAR at www.sedar.com

About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody's/S&P), is an international organization. Created in 1944, it is the original member of the World Bank Group and operates as a global development cooperative owned by 189 nations. The World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and other creditworthy countries to support the Sustainable Development Goals and to end extreme poverty and promote shared prosperity. It also provides leadership to coordinate regional and global responses to development challenges. The World Bank has been issuing sustainable development bonds in the international capital markets for over 70 years to fund programs and activities that achieve a positive impact. These bonds range from structured notes to benchmark-sized issuances. More information on World Bank bonds is available at http://treasury.worldbank.org.

SOURCE Fiera Capital Corporation

View original content: http://www.newswire.ca/en/releases/archive/October2019/02/c7022.html

SOURCE: Fiera Capital Corporation

Mariem Elsayed, Director, Investor Relations and Public Affairs, Fiera Capital
Corporation, 514-954-6619, melsayed@fieracapital.com
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