This will only be profitable for investors if it holds out for 8 years, in 2024. But it seems like it is going well if you look at current numbers. > 7.75 yea

This will only be profitable for investors if it holds out for 8 years, in 2024. But it seems like it is going well if you look at current numbers. > 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. Annual reports and figures - https://www.socialventures.com.au/work/aspire-sib/ https://www.socialventures.com.au/work/aspire-sib/ 2021 report (all years so far have been the fixed coupon at 2%) - > The Outcome Payment to be made by the SA Government following each Calculation Date is determined as: > ● 100% of the first $13.5 million of cumulative program savings; plus > ● 50% of the next $15 million of cumulative program savings; less > ● all previous payments ($6.89m to date). > Accordingly, an Outcome Payment of $6.49 million will be paid to the Aspire SIB Trust by the end of 2021.