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#EldersForum2018 #AgeingInCommon #NCF2018 SKY 6 – Alternative Sources of Funding Daniel Carrico, Head of Origination, Allia – Impact Finance #EldersForum2018 #AgeingInCommon #NCF2018

Daniel Carrico Head of Origination Retail Charity Bonds Daniel Carrico Head of Origination

Mission is to amplify social impact More than £250 million raised through bonds to help registered charities achieve their development plans and social impact goals. Over £150 million in Retail Charity Bonds. Over £70 million bond programme for Scottish Government. £18 million in charitable bonds.

RETAIL CHARITY BONDS PLC INVESTORS RETAIL CHARITY BONDS PLC Charity BONDS LOAN

Timeframe Receipt of funds 1 2 3 Due diligence Arrangement Roadshow 1 2 3 months Due diligence Arrangement Roadshow Offer period

Headline information Funding starts from £10m for first bond issue. Subsequent bonds can be less than £10m. Fixed rate borrowing. Term between 5 – 10 years. Unrestricted. Unsecured. Asset Cover Ratio of 1.3x unencumbered assets. Ability to issue retained bonds.

Previous issues Golden Lane Housing Hightown Housing Association £11m, 4.375% £10m, 3.9% Hightown Housing Association £27m, 4.4% £31.5m, 4% Greensleeves Care £33m, 4.25% Dolphin Living £25m, 4.25% The Charities Aid Foundation £20m, 5% You can see how the promotion of the bond is very much in the name and branding of the borrower

For more information Daniel Carrico Head of Origination daniel.carrico@allia.org.uk 01223 781312 07710 091899

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