Greensleeves Care opened the London Stock Exchange at the Market Open Ceremony on Tuesday, 4 April 2017.
This event marked the successful launch of Greensleeves Care Retail Charity Bond which oversubscribed at £33 million in less than a week, the largest ever amount on the Retail Charity Bond platform. The bond is now trading on the London Stock Exchange. The charity is the first care home provider to launch such a bond. Greensleeves Care was invited to open the financial markets by the London Stock Exchange to acknowledge its pioneering and innovative approach to funding.
Paul Newman, Chief Executive of Greensleeves Care, said:
“As the largest Retail Charity Bond issue, we are delighted with the response from investors, resulting in the early closure of our debut Retail Charity Bond. We will put the proceeds to use immediately, investing in our portfolio, both buying and developing new homes, to ensure that we continue to provide our residents with the best possible care in homely, high quality surroundings.”
Greensleeves Care provides care and accommodation for older people, primarily through residential, dementia and nursing care services. Focused on delivering growth and social value, Greensleeves Care supports almost 800 residents across 20 residential, dementia and nursing homes located across England.
The funds raised will be used to buy and develop new homes, as well as pay down existing debt, and to expand the number of residents who receive its award-winning care.