Allia C&C is pleased to announce the early closing of the £15m 10 year RCB bond issue for Golden Lane Housing.
Mark Glowrey, Director, Fixed Income Sales, at Allia C&C, outlines more about Allia’s Retail Charity Bonds, and describes in detail seven specific bonds which were issued by them since 2014 to date.
The charity bond offer for The Alnwick Garden Trust has closed a week early after raising £10 million during the most volatile period in the markets since the financial crisis.
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.
In March 2017, the Retail Charity Bonds made a £50m issue for Greensleeves Care with a 4.25% coupon and a maturity of 2026. £33 million was sold immediately with a further £17 million held as retained bonds.