US$228 Million

Lives Impacted

Impact Enterprises



IIX’s award-winning Women’s Livelihood Bond™ (WLB™) Series is a series of innovative gender-lens blended financial products that empower women and girls across a multi-country and multi-sector portfolio. The bonds in the WLB™ Series qualify as Orange Bonds, empowering women and girls across emerging markets.

About the WLB™ Series

By addressing the three dimensions of risk, return, and impact, IIX created a new kind of financial instrument that delivers stable returns and sustainable impact to investors.

The US$8.5m WLB1 was the world’s first gender-lens impact investing security listed on a stock exchange in 2017.

To date, the WLB™ Series has mobilized US$228 million and is empowering 2,600,000 women and girls across emerging markets while providing consistent returns with no defaults recorded even during the COVID-19 pandemic.

In 2023, IIX issued the sixth and largest bond in the Series, the US$100 million WLB6.

Get Involved in Building a Gender-empowered Financial System

WLB6 issued as the world’s largest Orange Bond

Building on the success of the US$50 million WLB5, IIX issued the largest bond in the WLB™ Series, the US$100 million WLB6 in December 2023. The WLB6 invests across 6 sectors and 5 countries and will empower women across multiple sustainability themes such as Climate Action. The bond also qualifies as the largest Orange Bond to date.

Building an Award-winning Series

The WLB™ Series has won a number of international awards for its innovative approach to impact that truly empowers women to transform their lives, build economic resilience, and advance climate action.

Engaging with a Diverse Range of Partners