Charities Aid Foundation Retail Charity Bond raises £20 million

The Charities Aid Foundation Retail Charity Bond has raised £20 million in one week, with strong demand leading to the offer period closing a week early.

The bond, listed on the London Stock Exchange, will allow Charities Aid Foundation to enhance its services to charities and donors.

The bond was launched on Tuesday 22 March 2016 via Retail Charity Bonds Plc, a platform that issues retail eligible bonds for UK charities. It was created by Allia, a UK charity and social investment specialist, and established in association with Canaccord Genuity Ltd.

The offer period for the bond closed early at 3pm on 29 March 2016 due to strong demand. It had previously been expected to close at 12 noon on 6 April 2016.

John Low, Chief Executive of Charities Aid Foundation, said: "We are delighted at the reception to the Charities Aid Foundation Retail Charity Bond and its early closure. The proceeds of the Bond will be used to further our work, enhancing CAF's services for donors and the thousands of charities we work with."

For further information, please see the Retail Charity Bonds website.

ENDS

Early closure announcement: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/12754356.html

Issue size announcement: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/12755522.html
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