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.
Greensleeves were able to access the market at speed with the documentation already in place for their retained bonds.
Allia C&C found strong demand for the bonds from a range of ethical funds, many have been long-term supporters of Greensleeves. The strong demand allowed Allia C&C to sell the bonds at a substantial premium to Par and well inside the bids posted in the secondary market.
The success of this transaction highlights the strong commitment of our investors to organisations delivering social impact.
Commenting on the transaction, Greensleeves’ CFO Chris Doherty said
“We are delighted with the success of this transaction. The proceeds from the £10m of retained bonds will enable us to continue delivering strong social impact through our care homes. The retained bonds provided a flexible source of funding that could be easily accessed according to market conditions. We are very pleased at the outcome with the bond placing substantially inside the yield at issue with a wide range of ethical investors placing orders”.
As the subsidiary of a charity dedicated to facilitating the funding of not for profit organisations, Allia C&C benefits from strong credibility with investors focused on ESG.
In this period of financial stress, we are keen to explore how we can help you on funding
Please do not hesitate to contact us.