United States, Sept. 19 -- The World Bank Group, through its private sector arm, the International Finance Corporation, has closed its inaugural securitization transaction; successfully launching a new model to attract institutional private capital into emerging markets. This transaction marks the first tangible step in a larger effort to build an originate-to-distribute model for emerging market investments.The $510 million collateralized loan obligation (CLO) comes after two years of determined work to design and prepare the product. The repackaging of IFC loans into rated securities creates a new asset class for emerging markets that meet institutional investment standards. This approach opens the door to the world's largest pools of cap...