Powered by
Social bond meets $9m target early after strong interest from funds
Mar 8, 2017 - Australian Financial Review

HESTA Super Fund, ethical investor Future Super and the philanthropic arm of Australia's third-largest beer company, Coopers Brewery, are among investors that have ploughed $9 million into a bond designed to reduce homelessness while delivering an investment return.

Fundraising for the Aspire Social Impact Bond has closed well before its March 31 deadline after strong interest from a range of institutions and trusts for the first bond of its type in South Australia. Private investors are p

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox