close

Greensleeves raises £15m through charity bond issue

Paul Newman

Greensleeves Homes Trust has raised £15m through a charity bond following its issue last month.

The not for profit care home provider said £15m of the £25m bond issue has been sold to investors with a further £10m being retained to be sold at a later date to raise additional funding as required.

Paul Newman, Chief Executive of Greensleeves Homes Trust, (pictured) said: “This a great result for Greensleeves Care and strong recognition by the investor community in our business case which is based around providing the best quality of care we can to our many residents across the country. The funds raised will support us in delivering on our strategic ambitions of further expanding and modernising the care and support we offer for the benefit of all our stakeholders, but most importantly our residents, their families and our staff.”

Story continues below
Advertisement

The offer of 5% bonds due 2030, from special purpose issuer Retail Charity Bonds PLC, was launched on 23 November 2020 and closed early at 12 noon on 3 December 2020.

This will be the tenth successful issue of bonds through the Retail Charity Bonds platform since it was launched in 2014, taking the total issued through the platform to date to over £300 million. Allia C&C was the lead manager for the bond issue.

Adrian Bell, CEO of Allia C&C, added: “The COVID-19 pandemic has firmly thrust ESG into the spotlight, with investors keen to support resilient businesses that also make a positive social impact. We are thrilled to have been able to support Greensleeves Homes Trust in raising this funding to support them in delivering on their future care and growth ambitions.”

Tags : FinanceGreensleeves
mm

The author Lee Peart

Leave a Response