Barloworld plans gender-bond sale in first for South Africa

Barloworld, the South African car dealer and supplier of equipment to the mining industry, is marketing the nation’s first sale of debt linked to gender-diversity targets. The Johannesburg-based company is planning to raise as much as R1-billion in three-year and five-year bonds, with the rates linked to goals for women in its leadership structures, as well as participation of businesses owned by black women in its supply chain.