Golden Lane Housing 2013 – 4% Bond Issue
Due to popular demand the Second Offer of the Golden Lane Housing Bond has been extended until 28 June 2013. We have raised £7.5m, thank you to everyone that has invested and ask that you continue to support us to reach our aim which will improve the lives of hundreds of people with a learning disability.
We are pleased to announce the Second Offer has been extended until 12.00 noon on 28 June 2013; the minimum investment for this offer is £84,000 which also yields a 4% return.
Due to strong demand we have had to close the First Offer of our 2013 Bond Issue for Bond offers under £84,000. We have been delighted with the support received. If you have been unable to invest under the First Offer, please register your interest by contacting Huw Thomas at Triodos on 0117 980 9593 or GLH@triodos.co.uk. Triodos will then contact you with details of how you may be able to buy bonds on a secondary market or take part in future bond issues.
Golden Lane Housing is a subsidiary of the Royal Mencap Society which is one of the UK’s largest charities. We are leaders in our field at providing specialist housing development and intensive housing management support for people with a learning disability. We have 15 years experience and have a proven and sustainable business model. We have built a £74 million freehold property portfolio (at cost) and we house and support over 1,100 tenants with a learning disability in our owned and leasehold properties.
We were the first UK charity to launch a bond issue to the public in 2003 which raised £1.8 million and helped us develop our property portfolio. We are now aiming even higher and intend to raise £10 million through the launch of our 2013 Bond (promoted once again by our sustainable banking partners Triodos Bank NV).
We believe our Bond Issue offers investors an opportunity to achieve both a sensible financial return but also to make a positive social impact with your investment. We do hope you will read the Investment Memorandum and support us by investing in the Bond Issue.
2013 Bond details
Our 2013 Bonds will include the following key features:
- Amount – £10 million
- Term – 5 years (repayable in full on 30 September 2018)
- Interest – 4% gross per annum – fixed and payable annually
- Status – Issued directly by GLH unsecured
- Use and social impact – acquisition of freehold property to house people with moderate to severe learning disability
- Minimum investment – £2,000 for new investors (£500 for existing Bondholders wishing to reinvest)
- Timetable – launch mid February 2013
- Closing Date – 28 June 2013
- A secondary trading platform in the Bonds is provided through Ethex
- Option for Bondholders to donate their interest to the Charity to allow us to invest more in pursuing our mission
Important note: An investment in the Bonds may not be suitable for all recipients of our Investment Memorandum document. A prospective investor should consider carefully whether an investment in the Bonds is suitable for them in the light of their personal circumstances and the financial resources available to them. Investment in an unquoted security of this nature, being an illiquid investment is speculative, involving a degree of risk. It may not be possible to sell or realise the Bonds or to obtain reliable information about the risks to which they are exposed.
To find out more about the social impact you can help us achieve through our 2013 Bond Issue please take a few minutes to look at our short case studies.
We have been awarded funding from the Big Lottery Fund ‘Next Steps: Supporting Social Investment in England’ programme which will contribute to the costs associated with the Bond Issue.
The Offer will close on the earlier of full subscription or 12.00 noon London time on 28 June 2013 unless extended by GLH in its sole discretion.
This financial promotion has been approved by Triodos Bank for the purposes of section 21 of the Financial Services and Markets Act 2000.Triodos Bank NV (incorporated under the laws of the Netherlands with limited liability, registered in England and Wales BR3012). Authorised by the Dutch Central Bank (DNB) and regulated by the Financial Services Authority (FSA) for the conduct of UK business.