Dealflow | March 21, 2017

Greensleeves Care raises $41 million Retail Charity Bond to care for England’s elderly

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Greensleeves Care has raised a $41 million Retail Charity Bond to care for England’s elderly.

Greensleeves Care supports nearly 800 residents in 20 residential, dementia and nursing homes across England.

The London-based charity raised the funds in less than a week through Allia, which helps charitable organizations raise unsecured debt through retail bonds listed on London Stock Exchange.

The Greensleeves bond, Allia’s largest yet, will pay investors 4.25 percent interest each year for 9 years.

Investors can buy or sell the bonds at any time. Greensleeves will use the proceed to build additional homes and pay off debt.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: Greensleeves Care