RCB publicly offers sustainable bonds for Royal Masonic Benevolent

Chicago, Jan. 30 – RCB Bonds plc is offering up to £20 million 6¼% sustainable bonds due March 7, 2029 for the Royal Masonic Benevolent Institution Care Co. (ISIN: XS2491730375), according to a prospectus.

The maturity date could be extended to March 7, 2031 at Royal Masonic’s election.

There are make-whole redemption provisions for the bonds.

The bonds will be secured on a loan to the Royal Masonic Benevolent Institution.

The bonds are being publicly offered until 7 a.m. ET on Feb. 28 at par.

Allia C&C (City & Continental Ltd.) is the manager for the offering.

M&G Trustee Co. Ltd. will be the trustee.

Legal advisers for the issuer are Linklaters LLP and for the charity are Charles Russell Speechlys LLP.

Allen & Overy LLP is advising the manager.

Proceeds will be used for general corporate purposes, to invest in solar energy projects and for the furtherance of charitable objects.

The bonds will be listed in London.

There will be no credit rating on the bonds.

The issue of bonds is conditional upon a subscription agreement being signed by the issuer and manager by March 3, a commitment agreement signed on March 3 and a loan agreement signed on or around March 7.

The charity’s main activities are to provide residential care, nursing care and residential dementia support to older Freemasons and their families.

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