Greensleeves launches charity bonds
Greensleeves Care, a not-for-profit provider operating 20 care homes, including two nursing homes across the Midlands, South and East of England, has arranged for the issue of charity bonds to diversify its sources of funding and allow the organisation to expand its services.
The bonds will be issued by Retail Charity Bonds plc, a special purpose issuing vehicle that connects charitable organisations seeking unsecured loan finance with investors looking for fixed income bonds listed on the London Stock Exchange.
The funds raised will be loaned, via a loan agreement, to Greensleeves Homes Trust. The bonds are available to wholesale and retail investors and will pay a fixed rate of interest at 4.25 % per annum. They have a minimum initial subscription amount of £500 and are available in multiples of £100 thereafter.
The offer period is expected to close at 24 March 2017 at 12pm.
