London Stock Exchange welcomes Greensleeves Care celebrating its retail bond issuance

London Stock Exchange today welcomes Greensleeves Care, a growing charitable organisation that provides residential care to over 1,000 older people across 25 UK residential, dementia and nursing homes. 

Greensleeves Care has successfully raised £15 million through an issue of 5% bonds due 2030 by special purpose issuer Retail Charity Bonds PLC (‘RCB’). The £25 million issue included £10 million of retained bonds which may be sold at a later date and the proceeds advanced to Greensleeves Care.

The bonds have been admitted to trading on the Order book for Retail Bonds and trade under the ticker GHT2. The proceeds of the issue will be used by Greensleeves Care to pursue its strategy of sustainable development, expanding the organisation in an enduring and affordable manner. This is the second issue by RCB on behalf of the charity following the issue of £50 million of bonds in 2017.
Commenting on the success of the offer, Paul Newman, Chief Executive of Greensleeves Care, said:

“Today marks another landmark moment for our organisation. The issue was a great result for Greensleeves Care and strong recognition by the investor community of 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 and their families.

“I would like to thank everyone who has supported us with the recent issue, including our new investors and our advisors, but most of all I would like to thank the many staff who work in our homes for their unwavering commitment and support in delivering the very best care to our residents.” 

Advisors to the issue include:

Allia C&C – Manager
Bryan Cave Leighton Paisner LLP – Legal adviser to the Charity
Allen & Overy LLP – Legal adviser to the Manager and Trustee
FTI Consulting – Financial PR to the Charity
 

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
-
Listing/Admission to trading
08 Dec 2020
Looking for new and recent issues?

More recent

London Stock Exchange Group welcomes City Giving Day celebrating volunteering and philanthropy in the City of London

City Giving Day is The Lord Mayor’s Appeal’s annual celebration of philanthropy and giving which provides City organisations with an opportunity to reflect on everything they do to support their local communities and charities.

Championed by successive Lord Mayors of the City of London, City Giving Day has gone from strength to strength with a record 500 companies taking part this yea

Learn more
London International Shipping Week 2021

London International Shipping Week 2021 (LISW21) is seen throughout the world as the ‘must attend’ international maritime event of the year. London is the historic centre of global trade and world shipping and stands at the heart of international commerce. Its long-standing maritime institutions have been servicing the global shipping industry for centuries and that role co

Learn more
57.28
London Stock Exchange welcomes LungLife AI

London Stock Exchange welcomes LungLife AI, Inc. to trading on AIM. In July 2021 LungLife successfully raised gross proceeds of £17 million and the Company’s market capitalisation on admission was £45 million with a free float of 50.6%. 

LungLife AI’s mission is to make a significant impact in the early detection of lung cancer. The Company is a develop

Learn more
33.56
London Stock Exchange welcomes Likewise Group plc to AIM

Likewise is a UK distributor of both domestic and commercial floorcoverings and matting. It is challenging the established competitors in the industry by providing access to a wide choice of flooring from multiple manufacturers across the globe at competitive prices for its customers. The Directors believe they have an opportunity to build a

Learn more