PLY: Huge plaudits to the Social Finance Global Network for producing their white paper on the early years of SIBs – a very useful report for all interested in this sector.
UBS receives a payout in their Rajasthan girls education bond is noted again while finally another dull reactionary discusses the evils of privatising health care which only kills the debate about how we pay for better medicine to an aging population – alas growing more money trees is a belief only health care unions and politicians cling to nowadays I suspect. For a wondrously realistic view, I read this blog post by Sydney hedge fund manager (and former government employee) John Hempton the other day on Medicare thoughts.
60 Social Impact Bonds Across 15 Countries Show Growing Global Reach
Marketwired
The Social Finance Global Network yesterday launched its latest white paper, Social Impact Bonds: The Early Years.
Key highlights of the report:
- 60 Social Impact Bonds have launched in 15 countries, raising more than $200m in investment to address social challenges.
- 22 projects have posted results, 21 of which have posted positive outcomes for beneficiaries.
- 12 projects have made outcomes payments and 4 Social Impact Bonds have repaid investors in full with a return on their investment.
The white paper reflects the shared lessons from the Social Finance Global Network, across sister organizations in the UK, US and Israel — which, together, represent the largest pool of Social Impact Bond expertise globally, across multiple jurisdictions.
Social Impact Bonds: The Early Years
Social Finance UK
The Social Finance global network has launched its first white paper on the state of the Social Impact Bond market.
The paper looks back to the launch of the first Social Impact Bond in Peterborough in 2010 and charts the development and take up of the model across different countries.
The paper reflects the shared lessons from the three Social Finance organizations in the UK, US and Israel – which, together, represent the largest pool of Social Impact Bond expertise globally, across multiple jurisdictions.
See also Social Finance’s live global database of Social Impact Bonds.
UBS Enjoys Hefty Payout from Indian «Schoolgirl» Bond
Finews
The Swiss bank is one year into a three-year development impact bond, or DIB. Optimus Foundation, a philanthropic entity within UBS, put up $300,000 last year to a program meant to help children and especially girls in Rajasthan, India who aren’t attending school to learn to read.
The better the girls’ school results are, the higher the coupon paid to the UBS foundation – plus the bond’s original principle. In this particular case, the bond pays out up to 15 percent at maturity, funded by a charity, if after its three-year duration the girls’ literacy has improved.
With the entirety of Switzerland’s government bond yields in negative territory and interest rates at historic lows, this represents an almost unprecedented rate of financial return.
Opinion: Privately-Funded Healthcare, Daft But Inevitable
Dita DeBoni – TVNZ
Is it possible that private investors looking for ways to put their money to work are going to be flocking to the Government’s plan to get them to invest in social bonds?