CAPE TOWN, March 4 (Reuters) – South African financiers are preparing a 2 billion rand ($122 million) bond to fund water conservation projects dedicated to restoring strategic water catchments.
Backed by Rand Merchant Bank (RMB) and the Development Bank of Southern Africa (DBSA), the five-year bond aims to finance ecological restoration, including removing invasive plants and rehabilitating catchment areas to enhance water security. The outcome-based facility will link returns to measurable environmental improvements.
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