World Bank (2026). World Bank Prices 14-Year Spekboom Restoration Outcome Bond in South Africa. Press release, 23 April 2026.
The release for an outcome bond issued by the World Bank’s lending arm, with principal “fully protected by the triple-A credit strength of the World Bank”. Priced four weeks after the Cape Water bond, it shows the other model of nature-linked bond: the development bank as issuer, protecting principal, where in the Cape Water bond a development bank is an investor taking a commercial bank’s credit risk. The wiki uses it as the comparison case.