IIX is excited to announce the closing of the $8 million Women’s Livelihood Bond (WLB)™ that will impact the lives of over 385,000 women across Southeast Asia. This innovative bond is the world’s first impact investing instrument with a dual focus on social and financial returns to be listed on a stock exchange.
Listed on the Singapore Exchange (SGX), the WLB™ will increase credit access, improve market linkages and enhance goods and services for women in Cambodia, Vietnam and the Philippines. The world’s first multi- country and multi-sector, gender-lens investing instrument has been developed in strong partnership with players across the private, public and philanthropic sectors.
Our sincere thanks to our partners – DBS Bank, USAID, Australian DFAT, the Rockefeller Foundation, Shearman & Sterling, Hogan Lovells, Japan Research Institute, Clinton Global Initiative and ANZ Bank in playing an integral part as IIX created this new vehicle.
“The closing of the Women’s Livelihood Bond is a landmark achievement for the impact investment market, demonstrating that impact investment products can achieve scale, transparency and liquidity. This bond is the first financial instrument that truly connects Wall Street with the backstreets of our communities – now that is exciting!”
-Durreen Shahnaz, Founder of IIX