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#EldersForum2018 #AgeingInCommon #NCF2018

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Presentation on theme: "#EldersForum2018 #AgeingInCommon #NCF2018"— Presentation transcript:

1 #EldersForum2018 #AgeingInCommon #NCF2018

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

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

4 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.

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

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

7 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.

8 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

9 For more information Daniel Carrico Head of Origination

10 #EldersForum2018 #AgeingInCommon #NCF2018


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