Singapore-based IIX launches US$100m bonds with Australian government

The bond programme will support the livelihoods of 1 million women in Asia.

Impact Investment Exchange (IIX) has announced that it partnered with the Australian Government’s Department of Foreign Affairs and Trade (DFAT) for the Women’s Livelihood Bond Programme (WLB2), a US$100m bond series supporting 1 million underserved women in Asia with sustainable livelihoods.

The WLB2 will be issued in three tranches. The first bond in the WLB2 series is on track to launch Q2 2019. Other partners include DBS Bank, Shearman & Sterling LLP, Latham & Watkins LLP, and Cyril Amarchand Mangaldas.

The Women’s Livelihood Bonds are part of IIX’s Social Sustainability Bonds, financial instruments which pool together a group of impact enterprises to issue a collective bond. These bonds aim to mobilize private sector capital to generate positive social impact and offer financial returns independent of social outcomes.