By Devika Patel
Knoxville, Tenn., March 30 – Retail Charity Bonds plc intends to sell up to £20 million of 5% 10-year bonds, according to a prospectus.
Proceeds will be loaned to The Alnwick Garden Trust, the charity that funds The Alnwick Garden, a complex of formal gardens adjacent to Alnwick Castle in Northumberland, 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: | Retail Charity Bonds plc
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| Securities: | Bonds
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| Amount: | £20 million
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| Maturity: | March 27, 2030
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| Coupon: | 5%
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| Announcement date: | March 30
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