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