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Press Release: IIX Accelerates Gender Bond Issuances With Pricing of Women’s Livelihood Bond 3
Impact Investment Exchange (IIX) has successfully priced the US$27.7 million Women’s Livelihood BondTM 3 (WLB3), the third bond in the award-winning Women’s Livelihood BondTM Series (WLB Series). Advancing a total of 13 United Nations Sustainable Development Goals (SDGs), the WLB3 complies with the International Capital Markets Association (ICMA) Social Bond Principles and will support 180,000 underserved women and women entrepreneurs in the Asia Pacific region to respond, to recover from, and to build resilience in the aftermath of the COVID-19 pandemic. The WLB3 is also the maiden investment of IIX’s Women’s Catalyst Fund, a next generation gender lens vehicle designed to accelerate innovative financial instruments for women.
- Categories
- Entrepreneurship, Investing
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ESG Bond Fund Growth Beats Stocks After COVID-19 Boost
Sales of debt for projects aimed at helping society surged a record 376% to 41.9 billion in the first half of the year from the same period a year ago, according to BloombergNEF.
- Categories
- Coronavirus, Investing
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Press Release: BBVA and Pestana Hotel Group Issue the World’s First Green Bond in the Hotel Industry
BBVA and Pestana Hotel Group have reached a new milestone in the sustainable finance market, issuing the world’s first green bond in the hotel industry, according to the International Capital Markets Association’s (ICMA) Green Bond Principles.
- Region
- Europe & Eurasia
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Rhino Bonds: Can Big Finance Really Save Big Beasts?
Since the 1970s, the population of black rhinos, primarily found in South Africa, has plummeted from 65,000 to just 5,500 due to poaching driven by demand from China and Vietnam for rhino horn.
- Categories
- Environment, Investing
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With So Many Financial Instruments Out There – When and How to do Results-Based Financing
The field of results-based financing has taken root, and several new mechanisms have sprouted – from humanitarian impact bonds to outcomes funds. But while development impact bonds and their many variations are getting attention, too many organizations are working backwards to fit them into a particular program or context, write Kate Sturla and Ellen Anderson at IDinsight. They suggest three questions foundations, investors and intermediaries should ask to first diagnose their objectives, then select the right instruments to meet them.
- Categories
- Investing
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The Downside of Social Impact Bonds
After more than three years researching social impact bonds, a filmmaker argues we need to consider the ways they might be doing more harm than good.
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Village Enterprise Closes Investment for First Development Impact Bond for Poverty Alleviation in Sub-Saharan Africa
"This DIB, which pays Village Enterprise for improvements in income levels of extreme poor households, is remarkable because of the ambitious outcomes it incentivizes…. We also hope to generate important lessons on how to effectively commission, adapt and scale promising poverty alleviation programs"
- Region
- Sub-Saharan Africa
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Report: ‘No clear evidence’ social impact bonds lead to better outcomes
SIBs work by attracting investment to fund projects, often involving charities and social enterprises, and reimbursing and rewarding the investors if the project is successful.
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