Mesirow Financial Selected as an Approved Underwriter for The World Bank and Farmer Mac
CHICAGO, January 6, 2015 – Mesirow Financial is pleased to announce that it has been approved to underwrite debt securities for The World Bank’s International Bank for Reconstruction and Development (IBRD) and The Federal Agricultural Mortgage Corporation (“Farmer Mac”). Mesirow Financial joins an exclusive list of dealers to underwrite debt securities for both The World Bank and Farmer Mac.
The World Bank’s IBRD aims to reduce poverty in middle-income countries and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services. Established in 1944 as the original institution of the World Bank Group, IBRD is structured like a cooperative that is owned and operated for the benefit of its 188 member countries. IBRD raises most of its funds on the world's financial markets and has become one of the most established borrowers since issuing its first bond in 1947. The income that IBRD has generated over the years has allowed it to fund development activities and to ensure its financial strength, which enables it to borrow at low cost and offer good borrowing terms to clients.
Farmer Mac is a stockholder-owned, government sponsored enterprise created by Congress to improve the availability of long-term credit for America’s farmers, ranchers, rural utilities, businesses and communities. Farmer Mac accomplishes this public policy mission by providing a secondary market for qualified agricultural mortgage loans, rural utilities loans (made by cooperative lenders) and the guaranteed portions of agricultural and rural development loans guaranteed by the United States Department of Agriculture.
“We are excited for the opportunity to be a member of both The World Bank and Farmer Mac’s underwriting groups,” said George Barbar, senior managing director of Mesirow Financial’s Institutional Sales and Trading group. “This is an honor for Mesirow Financial and will allow us to better service the needs of our institutional clients. These underwriter approvals exemplify our continued commitment to the business.”
The Institutional Sales and Trading department has over 150 employees averaging more than 20 years in the business, with desks specializing in municipals, rates, government agencies and supranationals, corporates, preferreds and non-agency mortgages.
About Mesirow Financial
Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For more information, visit mesirowfinancial.com.