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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

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