'Rhino bond' charges onto markets to save South African animals

in South Africa will get help from an unusual source: Wall Street, where institutional investors have expressed a willingness to buy a new type of bond being issued by the World Bank that will pay for successful efforts to save the animals.

Officials hope the bond, two years in the making, will offer a new model to leverage private funds to finance conservation efforts or other projects. The catch is they must have benchmarks that can be objectively measured. The return would be based on a sliding scale, and if growth reaches or exceeds four percent, investors receive the entire “success payment”.

The rhino population growth rate will be independently calculated by Conservation Alpha and verified by the Zoological Society of London.as critically endangered, though in the wild their population has doubled to more than 5 000 from a historic low three decades ago.

Source: Financial Digest (financialdigest.net)

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