Finance

Belong completes £50m bond raise after early close

By 2018-06-01T10:46:00

Belong Warrington

Charity Belong has raised £50m through its first-ever retail charity bond which it closed early due to high demand from investors.

The bond was launched on 23 May and offered an annual interest rate of 4.5% ahead of maturing in 2026.

Issued by Retail Charity Bonds, a special purpose vehicle created and managed by Allia, the bonds are expected to trade on the London Stock Exchange from 21 June.

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