SINGAPORE-BASED capital firm Impact Investment Exchange (IIX) on Wednesday closed its second Women’s Livelihood Bond (WLB).

The US$12 million bonds will have a four-year tenor and carry a coupon of 4 per cent per annum, IIX told The Business Times.

This is IIX’s second issuance under its more than US$150 million WLB series, which provides financing to under-served women in the Asia-Pacific. The third issuance will be launched later this year, and IIX will expand it to include more countries and new sectors.