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£50m RCB issue for CAF
Tags 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
Tags RCB

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.

Care Thoughts: A Problem of Inappropriate Covenants

Care Thoughts: A Problem of Inappropriate Covenants

Allia C&C is pleased to share the latest issue of ‘Care Thoughts’ – a series of articles dedicated to raising awareness of key topics and challenges relating to funding the charitable care sector, and provoking meaningful action to address these problems. In this issue, we look at the financial ratios used by existing lenders to the sector. We look at the appropriateness and constrains of these ratios and compare to the situation faced by the Housing Association and Private Rented Accommodation sectors.

Government consults on lower limit for RCB issues

Government consults on lower limit for RCB issues

The UK government has launched a consultation on potential changes to the regulations on taxation of securitisation companies. Amongst other points, it is considering lowering the threshold which determines the minimum size for Retail Charity Bond issues. Allia C&C, the Impact Investing Institute, Big Society Capital and Social Enterprise UK have today submitted a joint response arguing that this limit should be reduced to £5 million.