We are delighted to announce the successful close of the latest RCB Bonds PLC bond offer for RMBI Care Co., a charity which has been providing residential care for over 100 years.
The £20m issue of sustainable bonds, £10m of which have been sold now and £10m retained for future funding, will be used to continue RMBI Care Co.’s programme of investment in its portfolio of homes.
The RMBI Care Co. bonds will be issued under RCB’s Sustainable Bond framework, aligned to the ICMA Sustainable Bond Guidelines as affirmed in S&P’s second party opinion.
As with all RCB bonds, this has been a great team effort with support from A&O, BNY Mellon, M&G Trustees, FTI and of course the stockbrokers, wealth managers and institutional investors and their clients whose investment helps to deliver a range of essential services.
This is RCB’s 13th bond issue and will take its total issuance to £397m, all raised for charities aiming to accelerate and multiply their social impact.
The bonds will be issued on 7 March and are to be listed on the Official List of the FCA and admitted to trading on the main market of the London Stock Exchange.
Commenting on the success of the offer, Mark Lloyd, Managing Director of RMBI Care Co. said: “RMBI Care Co. is delighted with the success of the bond offer and would like to thank the team at Allia C&C, who have done a tremendous job for RMBI Care Co. The fully subscribed offer will allow us to progress with the continued modernisation of our care home portfolio in the provision of dementia care, which is great news with plans already in place for our next scheme.”
Please go to Allia C&C’s website for more news about our bonds and social finance.