Thought Piece: UK Building Societies
Building societies account for over £26bn of publicly listed securities and private placements issued through a wide range of financial instruments, from covered bonds to junior capital.
RCB investor update no.3
Allia C&C has published the latest bi-annual RCB investor update, providing commentary on each of the borrowers that has raised funding through RCB.
Investing in bonds for charities and social enterprises
RCB is a pioneering platform, created by Allia, to connect responsible investors with impact borrowers. Operating since 2014, the RCB programme has issued over £370 million of LSE-listed bonds through 12 issues for borrowers including Golden Lane Housing, Greensleeves Care, Charities Aid Foundation and The Alnwick Garden Trust.
£25 Million Private Placement for Kingdom Housing Association
Kingdom Housing Association (KHA) has secured a further £25 million private placement from an existing investor to support its ongoing development programme.
£2.4m retained bond sale for The Alnwick Garden Trust
We’re pleased to announce the sale of £2.4 million retained bonds for The Alnwick Garden Trust. The bonds were sold at a price of 106.5, which equates to a yield of approximately 4%.
Care Thoughts: a year of challenges and opportunities
Our latest Care Thoughts issue considers the challenges and opportunities for care providers in the year ahead as they move on from managing the problems posed by Covid in 2020 and 2021.
RCB investor update
Allia C&C has published the latest bi-annual RCB investor update, providing commentary on each of the borrowers that has raised funding through RCB.
£50m RCB issue for CAF
Allia C&C is pleased to announce the successful close of the 12th RCB transaction – a £50m issue for Charites Aid Foundation (CAF), with £30m bonds sold to meet its immediate requirement for funds and a further £20m held as “Retained Bonds” that can be sold to meet any further need for debt.
RCB limit down to £5m
The UK Government has announced that it will lower the limit for RCB issues to £5 million. In May this year the Government launched a consultation on potential changes to the regulations on taxation of securitisation companies. Amongst other points, it asked respondents for their views on lowering the threshold which determines the minimum size for RCB issues.