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Green Bond Fund supports REDD+ sustainable forestry

IFC Raises $152 Million in Tropical Forest Bonds Debut

Developed by IFC in collaboration with BHP Billiton and Conservation International, some of the world’s largest Institutional investors, including TIAA-CREF and QBE, bought the first Forest Bonds issue, which gives them the option of receiving coupon payments in the form of cash or carbon credits from a UN REDD program in Kenya.