Wildlife Conservation Bond: according to Alessandro Noceti, “an important change in the financing model of conservation”

“We are proud of the decision to invest in this innovative and unique financial instrument”: Director of Valeur Capital Ltd and Valeur Securities SA Alessandro Noceti commented on one of the latest investment operations carried out by Valeur Group, independent business specialized in asset management and trading services, which recently subscribed to the Wildlife Conservation Bond issued by the World Bank.
Also known as Rhino Impact Bond, it is the first-of-its-kind fixed income instrument created for the conservation of a particular endangered species. This is the case of the black rhinos in South Africa whose population, according to estimates, has drastically decreased from 65,000 in the 1970s to the current 2,600 in the last 50 years.
The Wildlife Conservation Bond consists of a 5-year loan of 150 million dollars and is conceived to support black rhinos and local communities in the Addo Elephant National Park and the Great Fish River Nature Reserve in South Africa. The bond follows a “pay-as-you-go” model: it will pay its investors in relation to the growth rates of black rhinos in the two South African reserves, working to achieve the double result of defending an endangered species and protecting the entire ecosystem and local communities.
As Alessandro Noceti pointed out, this innovative financial instrument represents “an important change in the financing model of conservation”: furthermore, “it allows to achieve concrete and measurable results while also offering an attractive return potential”, the Director said in conclusion.

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