2014 Retail Charity bond buys more new homes

Golden Lane Housing Retail Charity Bond raised £11 million in less than two weeks.

The bond was launched on Friday 27 June 2014 via Retail Charity Bonds Plc, an independent non-profit special purpose vehicle which is an initiative of Allia, a community benefit society with exempt charity status, and established in association with Canaccord Genuity. The offer period was expected to close at 12 noon (UK time) on 23 July 2014 but closed early at 10.30am on 9 July 2014 due to strong demand.

It was the the first charity bond to be listed on the London Stock Exchange’s Order Book for Retail Bonds.

The funds raised by the Bond have enabled Golden Lane Housing to invest in buying and adapting 30 high quality homes for over 100 people with a learning disability in their local communities supported by Mencap.

Having the right environment and support has given people a new lease of life, gaining greater independence, learning new skills, and a wider social network as they are more involved in their local community.