Our latest Care Thoughts issue looks at inflation and the recent subtle shift in attitude amongst both investors and the central banks.
We are delighted to announce the successful sale of retained bonds for Greensleeves Home Trust. The Greensleeves £25m 5% 2030 bonds, with £10m retained, were issued in December 2020 – the second time Greensleeves has borrowed through the RCB platform.
Allia C&C is pleased to announce the early closing of the £15m 10 year RCB bond issue for Golden Lane Housing.
Allia C&C is delighted to announce the completion today of a tender offer for a partial buy-back of Burford Capital Limited’s 6.5 % Guaranteed Bonds due 19 August 2022.
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.
Allia C&C has published the first of its new bi-annual RCB investor updates, providing commentary on each of the borrowers that has raised funding through RCB.
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.
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 in detail at the funding market for Care organisations and contrast the situation faced by borrowers in the sector with the UK Social Housing sector.
Allia C&C has arranged a tap of the MORhomes 3.4% bonds, raising £28 million for Calico Homes from a new investor. The new bonds were issued at a yield of 2.768%, a spread of 154bps (1.54%) over the benchmark gilt rate, which was significantly below the current bid price. This is the lowest spread that has been achieved since the launch of the bond in February 2019.