Rhino Bonds to be the world’s first financial instrument for species conservation
- Zoological Society of London and Conservation Capital will launch in 2020, a five-year Rhino Bond worth US$50 million. It would be the world’s first financial instrument for species conservation.
- The five-year bond will cover conservation efforts at five sites in South Africa and Kenya. Investors will be paid back their capital and a yield if the number of animals increases.
Points to remember:
- Worth of bond?
- Time period of the bond?
- world’s first financial instrument for species conservation for which animal?