8.1 Who can participate in the auctions?
Any entity or individual can apply to participate in the auction.
8.2 How can I participate in the auction?
Interested bidders must complete an application package, which can be obtained by sending an e-mail to firstname.lastname@example.org. The email must contain disclaimer language cut and pasted from this webpage.
8.3 Can you recommend any third party aggregators that might apply for the PAF on behalf of my project?
Following each auction, the PAF released a list of all auction winners. You may consider contacting these winners to pursue opportunities to work through third party aggregators or other companies.
8.4 What is the timeline leading to the auction?
The timeline leading to the auction has been published on the auction page. Applications will be due on January 15, 2020 and Bid Deposits will be due on February 19, 2020. The auction will be held on March 3, 2020.
8.5 How will the integrity due diligence process be conducted? Will this process review the financial standing of bidders?
During the registration process, potential bidders will be required to fulfill the Due Diligence Questionnaire and undergo a due diligence check by the World Bank. The IDD questionnaire from the fourth auction can be viewed here. The questionnaire asks potential bidders to disclose their legal name, senior management, board of directors, owners directly or indirectly owning 10% or more of the potential bidder, and the legal name of any parent companies, subsidiaries, and significant affiliates. The questionnaire also asks bidders to disclose information about allegations, investigations, convictions, or debarments. The IDD review will not review the financial standing of bidders.
8.6 Will bidder registration and submission of the bid deposit occur only once the bidder has passed the IDD process?
No, these processes will occur in parallel. Should a bidder not qualify, his/her deposit will be refunded.
If your question is not answered on these pages, please send an email to email@example.com.
This page is for information only. Please see the disclaimer:
THE ABOVE IS A SUMMARY OF THE WORLD BANK’S PROPOSED PLAN TO ISSUE PILOT AUCTION FACILITY EMISSION REDUCTIONS NOTES (“PAFERNS”). IT IS NOT AN OFFER TO SELL PAFERNS OR AN INVITATION TO OFFER TO BUY PAFERNS. THIS SUMMARY IS SEPARATE FROM, AND SHOULD NOT BE READ IN COMBINATION WITH, ANY FUTURE OFFER OR SALE OF PAFERNS, WHICH WILL BE MADE IN COMPLIANCE WITH APPLICABLE LAWS AND UNDER ENTIRELY SEPARATE LEGAL DOCUMENTATION AND OFFERING MATERIALS. THIS SUMMARY IS VERY HIGH LEVEL FOR SIMPLICITY AND LEAVES OUT MATERIAL INFORMATION AND THE LEGAL DOCUMENTATION THAT IS EXPECTED TO GOVERN THE PAFERNS. FURTHER, IT IS CURRENT ONLY AS OF THE DATE OF POSTING TO THIS WEBSITE AND IS LIKELY TO BECOME OUTDATED AS THE PAFERNS LEGAL DOCUMENTATION IS DEVELOPED. THE STRUCTURE, TIMING AND MECHANICS OF THE ACTUAL PAFERNS, IF AND WHEN THEY ARE ISSUED, ARE SUBJECT TO CHANGE. POTENTIAL INVESTORS MUST OBTAIN A COPY OF THE COMPLETE LEGAL DOCUMENTATION PURSUANT TO WHICH THE PAFERNS WILL BE ISSUED, INCLUDING THE WORLD BANK’S MAY 2008 PROSPECTUS RELATING TO ITS GLOBAL DEBT ISSUANCE FACILITY AND THE FINAL TERMS FOR ANY ISSUANCE OF PAFERNS. POTENTIAL INVESTORS SHOULD NOT RELY ON THIS SUMMARY. BEFORE MAKING ANY INVESTMENT DECISION, POTENTIAL INVESTORS MUST REVIEW THE COMPLETE LEGAL DOCUMENTATION (ONCE AVAILABLE).