South Africa, April 24 -- The World Bank (International Bank for Reconstruction and Development, IBRD) today priced a $120 million Spekboom Restoration Outcome Bond that will unlock support for large-scale ecosystem restoration and job creation in South Africa's Eastern Cape province. Maturing in 2040, the bond is the World Bank's longest-dated outcome bond and provides investors with full principal protection and a coupon that includes a fixed rate component and potential additional variable components linked to the restoration of the native plant.Spekboom, a succulent plant native to South Africa, is prized for its drought resilience and high carbon sequestration. Its restoration improves soil quality, water retention and climate resilien...