(ANSA) – MILAN, MAY 16 – Valeur, the Swiss group specializing in asset management and trading, invests in the Wildlife Conservation Bond issued by the World Bank, the so-called Rhino Bond that supports black rhinos and local communities in the Addo Elephant National Park and in the Great Fish River Nature Reserve in South Africa.
It is the first fixed income instrument created for the conservation of a particular endangered species and consists of a 5-year loan of 150 million dollars with a “pay-as-you-go” model, that is, it will pay its investors in relation the growth rates of black rhinos in the two South African reserves, trying to achieve the double result of defending an endangered species and protecting the entire ecosystem and local communities.
“It is an innovative and unique financial instrument that represents an important change in the conservation financing model and allows to obtain concrete and measurable results while offering an interesting potential for returns” commented Alessandro Noceti, Director of Valeur Capital and Valeur Securities. “The decision to invest in the Rhino Impact Bond reinforces our commitment to pursuing humanitarian and animal protection goals, which are the main goals of our non-profit organization Valeur Foundation. The conservation of rhinos can contribute to the defense of biodiversity and to the same time can promote employment in local communities by creating the jobs necessary to carry out this important conservation project “added Lorenzo Vangelisti, founder and CEO of Valeur. (HANDLE).
Source: Ansa
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