Care home group raises funds via bond issue
LONDON: A care home group has opened the Stock Exchange to mark the launch of trading in its latest retail bond.
In its second bond release, Greensleeves Care raised £15 million through 5% bonds due 2030 issued 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 proceeds of the issue will be used by Greensleeves Care to pursue its strategy of sustainable development.
Paul Newman, Chief Executive of Greensleeves Care, (pictured) 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 to our many residents across the country. The funds raised will support us to deliver our strategic ambition 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.”
