SVA: Newpin social benefit bond returns 7.5% in first year

The AU$7 million social benefit bond (SBB) funding the Newpin program run by UnitingCare Burnside will deliver a return of 7.5% to investors this year after its first 12 months.

Ian Learmonth, executive director of impact investing, Social Ventures Australia

Ian Learmonth, executive director of impact investing, Social Ventures Australia

According to Social Ventures Australia (SVA), which launched the SBB, Deloitte has certified the 7.5% return for the Newpin SBB. The SBB is Australia’s first offering and funds the Newpin program run by UnitingCare Burnside, which operates out of four centres in Sydney’s west. The program is designed to prevent children entering foster care and improve the rate of children being safely returned to their families. The bond will fund the maintenance of existing centres, and the planned expansion of six more centres in New South Wales.

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Rachel Alembakis

Publisher/Editor at The Sustainability Report
Rachel Alembakis has published The Sustainability Report for more than three years. She has more than a decade of experience writing about institutional investments and pension funds for a variety of publications.