DEAL: first UK care sector retail bond

Author: Amélie Labbé | Published: 6 Apr 2017

Greensleeves Homes Trust has issued the first retail bond to come out of the care sector. The UK charitable care home provider could also look to carry out a resale to increase the amount of financing it initially raised in March.

It sold £33 million ($41.3 million) of nine-year notes, the fourth charity to secure financing using retail charity bonds. But it retained £17 million worth of the bonds for a future issuance.

The sale was carried out on the Allia Retail Charity Bonds platform, which provides charities with specialised access to unsecured lending on the main London Stock Exchange (LSE) markets.

The debt instrument issued gives more flexibility for the issuer – in this case Retail Charity...


 

 

close Register today to read IFLR's global coverage

Get unlimited access to IFLR.com for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice

register

*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb

register