Investors await detail of NZ's first social bond, including how returns are structured

Wed, 03 Jun 2015

By Jonathan Underhill June 3 (BusinessDesk) - Potential investors in the government's first social impact bond say they are open to the concept but are awaiting details, including how returns are structured. A pilot delivering employment services to people with mental health conditions is to be the first of four social bond programmes allocated $28.8 million in Budget 2015. Details of how the mental health social bond is to be structured and which organisation are involved has still to be decided by the cabinet. A social bond allows th...

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