Charles Russell Speechlys advises the Royal Masonic Benevolent Institution Care Company on the launch of its Sustainable Bonds on the LSE
Charles Russell Speechlys advised the Royal Masonic Benevolent Institution Care Company (RMBI Care Co.) on the issuance of its 6.25% Sustainable Bonds, due 2029.
RCB Bonds PLC, a special purpose issuing vehicle, has launched the bonds for trading on the London Stock Exchange for RMBI Care Co., a growing charitable organisation that provides residential care, nursing care, and residential dementia support to older people.
Mark Lloyd, Managing Director of RMBI Care Co., commented: “This was our first capital markets transaction and provides an important platform for our expansion plans. The CRS team were approachable and commercial, and provided us with excellent advice throughout the process.”
Banking and Finance Partner Daniel Sullivan commented: “We are delighted to have worked with Mark and his team in relation to this issuance. Healthcare is a key sector for our firm and the RCB platform offers charities such as RMBI an important way to access retail and institutional debt investors.”
The team was led by Banking & Finance Partner Daniel Sullivan and Transaction Execution Manager Olivia Jarvis. The wider team also included Andrew Collins and Howard White (Corporate), and Sarah Rowley (Charities).
