In November 2017, the Retail Charity Bonds made a £18m issue for Golden Lane Housing with a 3.9% coupon and a maturity of 2027. £10 million was sold immediately with a further £8 million held as retained bonds.
Golden Lane Housing has now sold £4 million of the retained bonds at a significant premium to par, providing flexible, fast and cost-efficient funding.
Proceeds will be used to support the continuing expansion of Golden Lane Housing, providing much needed, high-quality housing across the country for people with learning disabilities.
Golden Lane Housing was established by the Royal Mencap Society (Mencap) to provide quality homes to people with learning disabilities.
The demand for Retail Charity Bonds is increasing steadily as investors focus on the attractions offered by the platform and increase their commitment to ethical and impact investing.