Charities Aid Foundation 3.5% Bonds due 2031
This offer is now closed for applications through interactive investor
RCB Bonds PLC (RCB) has announced the launch of the Charities Aid Foundation 3.5% Bonds due 2031 (the "Bonds"), together with the launch of a tender offer by Charities Aid Foundation (CAF).
CAF was established as an independent trust in 1974 and is the fourth largest registered charity in England and Wales by income. It is the parent charity of a group that comprises US and Canadian foundations and wholly-owned trading subsidiaries CAF Financial Solutions and CAF Bank, which provides banking services to over 14,000 UK charities and social purpose organisations.
The Bonds will bear interest at a fixed rate of 3.5% per annum, payable twice a year on 8 June and 8 December, and are expected to be repaid on 8 December 2031.
Interactive Investor Services Limited was appointed as an Authorised Offeror in connection with the offer.
Key information
| Issue price (per Bond): | £100 |
| Minimum investment: | £500 (multiples of £100 thereafter) |
| Interest rate: | 3.5% |
| Term of the Bonds: | 10 years |
| Maturity date: | 8 December 2031 |
Expected timetable
| Offer open: | 11 November 2021 |
| Offer close: | 26 November 2021 (9.30am)* |
| Issue date of the Bonds: | 8 December 2021 |
| First day of trading: | 9 December 2021 (8am) |
* The Company closed the Offer Period earlier than the originally scheduled end, which was 12pm (noon) on 2 December 2021.
We, Interactive Investor Services Limited, refer to the 3.5 per cent. Bonds due 8 December 2031 (the “Bonds”) described in the Prospectus dated 11 November 2021 (the “Prospectus”) published by RCB Bonds PLC (the “Issuer”). In consideration of the Issuer and Charities Aid Foundation (the “Charity”) offering to grant their consent to our use of the Prospectus in connection with the offer of the Bonds in the United Kingdom during the period from 11 November 2021 to 12.00 noon (London time) on 2 December 2021 and subject to the other conditions to such consent, each as specified in the Prospectus, we hereby accept the offer by the Issuer and the Charity in accordance with the Authorised Offeror Terms (as specified in the Prospectus) and confirm that we are using the Prospectus accordingly.
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"Charities Aid Foundation" and the Charities Aid Foundation logo are reproduced by kind permission of The Charities Aid Foundation. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.