Rhino bonds set precedent for capital-protected conservation

Lucy Frost

April 01, 2022

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The innovative blended finance product was initially based on an impact bond model, however the capital-at-risk structure had to be changed to make the bond commercially tenable

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Lucy Frost

EMEA reporter

Lucy joined IFLR as a reporter in 2021. Before this, she graduated from Oxford University and completed an NCTJ Diploma in Multimedia Journalism while interning at the Financial Times. She covers a wide range of areas including regulation, M&A and ESG. With a background in sustainability and financial journalism, she is particularly interested in the role of the private sector in the transition to net-zero.