RMBI Care Co. celebrates sustainable charity bond at the London Stock Exchange

London Stock Exchange has recently welcomed RMBI Care Co., following the completion of a £20m issue of 6.25% bonds due 2029 by special purpose issuer RCB Bonds PLC.

So far, £10 million has already been advanced to RMBI Care Co. and another £10m retained for future funding for the charity.

RMBI Care Co. will use the proceeds of the issue to continue its programme of investment in its portfolio of care homes across England and Wales.

Commenting on the success of the offer, Mark LLoyd, Managing Director of RMBI Care Co., said:

We are delighted with these results, which demonstrate confidence in our charity by investors.

“The funds raised,” he continued, “will be used to develop, modernise, and expand our support for older people with residential care, nursing and residential dementia support. Prince Philip Duke of Edinburgh Court in Wokingham, Berkshire, which opened in September 2022, was our first new build care home in over a decade. Securing the £10m charity bond will now enable us to progress our plans for a new care home on the site of our current Home, Cornwallis Court in Bury St Edmunds, Suffolk.

RMBI Care Co. celebrates sustainable charity bond at the London Stock Exchange.

“In addition, the ethical funding will allow the charity to further develop our sustainability strategy. This involves implementing solar energy across our 17 care homes and installing electric charging points for cars.”

[Summary: London Stock Exchange welcomes RMBI Care Co., following the completion of a £20m issue of 6.25% bonds due 2029 by special purpose issuer RCB Bonds PLC.]