By Wendy Van Sickle
Columbus, Ohio, May 31 – Belong Ltd. issued £50 million of 4.5% Retail Charity Bonds due 2026, according to an announcement.
The offer period for the bonds closed at 5 a.m. ET on Thursday, and the issue date will be June 20.
The issue amount includes £15 million of retained bonds.
Net proceeds are expected to be about £34.68 million.
Belong operates villages that provide dementia and nursing care as well as apartments for independent living. Its headquarters is in Nantwich, England. Retail Charity Bonds is an initiative of Allia, a U.K. charity and social investment specialist, and established in association with Canaccord Genuity.
| Issuer: | Belong Ltd.
|
| Issue: | Retail Charity Bonds
|
| Amount: | £50 million
|
| Maturity: | 2026
|
| Coupon: | 4.5%
|
| Pricing date: | May 31
|
| Issue date: | June 20
|
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