£25 million Charity Bond Issues for Greensleeves Homes Trust

4 December 2020

Greensleeves Care issues a Charity Bond

The charity bond offer for Greensleeves Homes Trust has closed early and oversubscribed during a particularly challenging period for the care home sector.

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. £15 million of the bonds have been sold to investors, while a further £10 million will be retained and may be sold at a later date to raise additional funding for the Charity as required.

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.

Commenting on the success of the offer, Paul Newman, Chief Executive of Greensleeves Homes Trust, 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.”