Download an overview on the Aspire SIB
The Aspire SIB structure
Key features
- Investor returns are determined by Government payments to the Aspire SIB Trust, which are based on savings generated.
- Outcomes are determined by measuring health, justice and homelessness service utilisation relative to historical baseline.
- 7.75 year bond term.
- 2% pa fixed coupon over 4.75 years, then performance coupon based on level of Trust assets.
- Termination rights for poor performance to limit downside loss to approximately 50% of principal.
- Target scenario estimated return 8.5% pa (objective only).
Invest
Please note that the Aspire SIB is now closed for investment.
For further details, please refer to the following documents:
- Aspire SIB Information Memorandum (PDF, 2MB)
- Aspire SIB Deed Poll, Purchase Deed and Note Issue Supplement (PDF, 993KB)
Results
SVA prepares a report on the results of the Aspire SIB.
Aspire SIB Annual Investor Report – 2023 (PDF, 4MB)
Aspire SIB Annual Investor Report – 2022 (PDF, 5MB)
Aspire SIB Annual Investor Report – 2021 (PDF, 8MB)
Aspire SIB Annual Investor Report – 2020 (PDF, 22MB)
Aspire SIB Annual Investor Report – 2019 (PDF, 1MB)
Aspire SIB Annual Investor Report – 2018 (PDF, 2MB)
Evaluations
Evaluation of the Aspire Social Impact Bond – August 2022 (PDF, 2MB)
Investor updates
October 2017 investor update
March 2020 COVID-19 investor update
July 2019 investor update
June 2018 investor update
Meet the team
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Associate Director, Impact Investing Patrick Bollen