The World Bank has issued the world's first wildlife conservation bond, raising $150 million to help efforts to increase the endangered black rhino population in South Africa, the bank said in a statement on Thursday. The five-year 'rhino bond' issued on Wednesday will pay investors returns based on the rate of growth of black rhino populations at South Africa's Addo Elephant National Park (AENP) and the Great Fish River Nature Reserve (GFRNR), the bank said. FILE PHOTO: A black rhino is seen after it was dehorned in an effort to deter the poaching of one of the world's endangered species, at a farm outside Klerksdorp, in the north west province, South Africa. REUTERS/Siphiwe Sibeko After five years, investors would get a return of between 3.7% and 9.2% if the population increase...
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