CastleOak Securities Selected as an IFC Discount Note Dealer

NEW YORK, Nov. 30, 2016 /PRNewswire/ -- CastleOak Securities, L.P., a leading New York-based boutique investment banking firm, today announced it was selected by the International Finance Corporation (IFC), a member of the World Bank Group, to join its discount note dealer group. CastleOak is the only boutique dealer in this group of ten investment banks. IFC is the largest global development institution focused exclusively on the private sector in developing countries.

"Joining IFC's discount note dealer group is a significant milestone in CastleOak's continued expansion into the supranational debt market," said David R. Jones, President and Chief Executive Officer of CastleOak Securities. "We are proud to be a part of IFC's program and are pleased to expand our strategic partnership with IFC in order to offer our clients direct access to their discount window."  CastleOak is the #1 ranked minority-owned underwriter of supranational debt.

CastleOak has been an underwriter of IFC term debt securities since 2014 and assisted IFC with outreach to U.S. institutional investors. Amit Jain, Head of Cash Management at IFC, said, "CastleOak's strength in reaching out to unique investors will help us further expand our investor base. The U.S. public institution market, with an estimated value of $5.1 trillion in assets, remains an important focus for IFC's funding program." 

Itai Benosh, Managing Director, Agency & Supranational Capital Markets at CastleOak, said, "We have been working closely with IFC's Capital Markets team on broadening the distribution of their securities in the U.S. institutional market and we are excited to extend our underwriting and distribution platform to IFC's discount note program." 

About CastleOak Securities
CastleOak Securities L.P. is a boutique investment bank focused on the capital markets and serving a broad array of corporate, governmental and institutional investor clients. Headquartered in New York City, and with five regional offices, CastleOak specializes in financial advisory, equities, fixed income sales and trading, and capital markets. For more information, visit www.castleoaklp.com

Logo - http://photos.prnewswire.com/prnh/20110721/MM39815LOGO

SOURCE CastleOak Securities, L.P.

Related Links

http://www.castleoaklp.com