RMB to launch wildlife bonds to help lions and wild dogs
RMB is looking to launch wildlife bonds to raise funding for the conservation of lions and wild dogs . .
Rand Merchant Bank is emulating the World Bank's ground-breaking rhino conservation bond by aiming to use debt markets to raise money to help African wild dog and lion populations. The Johannesburg-based investment banking unit of FirstRand, Africa's biggest bank by market value, is looking to issue five-year bonds worth around $233 million this year and next, some of which will be channelled toward conservation efforts for the two endangered species.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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