Bond investing involves purchasing fixed-income securities, and the Orange Bond Initiative™ focuses on financing gender equality and climate action through innovative bond instruments. For more information please visit: https://iixglobal.com/orange-bond-initiative/

1. Impact Investment Exchange
WLB5: The World’s First Orange Bond
In 2022, IIX issued the world’s first Orange Bond, the US$50 million fifth instalment in
the Women’s Livelihood Bond™ (WLB™) Series, the WLB5. The WLB5 is a multi-
continent, multi-sector bond that aims to positively impact 280,000-300,000 women
and girls across Asia and Africa. Through close partnerships with 3 banks, 6 law firms,
and 3 Development Finance Institutions, IIX orchestrated the highest capital raise of
the WLB™ Series to date in trying macroeconomy.
The Orange Bond Initiative™ (OBI) is a movement for a gender-equal future that
aims to catalyze genderlens investing from strategy to action. By setting
transparent standards for gender bonds and issuing transactions for a gender-
equal financial system, the Initiative is developing a market for Orange Bonds, with
orange being the color of SDG 5: Gender Equality, as a new asset class. IIX, along
with the below multi-stakeholder Steering Committee, has utilized their expertise
to create an Initiative by and for the Global South.
info@iixglobal.com
The Orange Bond Initiative
The Steering Committee drives gender equality through their individual work in
the public sector, private sector, and civil society.
2022 also witnessed the publication
of the Orange Bond PrinciplesTM.
The Principles enable issuers of all
gender bonds to commit to truly
impactful and transparent
transactions. By requiring all issuers
to measure, report, and verify impact
with women at the last mile, the
Principles value the voices of the
receivers of capital and thus,
proactively addressing the
widespread impact washing in the
sustainable finance ecosystem.