London Stock Exchange welcomes CAF - Charities Aid Foundation
London Stock Exchange welcomes Charities Aid Foundation
London Stock Exchange today welcomed Charities Aid Foundation, one of the largest providers of philanthropic services to charities and donors worldwide, to celebrate the success of the recently listed CAF Retail Charity Bond.
CAF Chairman Dominic Casserley and Chief Executive John Low were invited to open the market this morning.
The CAF Bond raised £20 million in one week, with strong demand from both institutional and retail investors leading to the offer period closing over-subscribed a week early. It was the third bond to be launched via Retail Charity Bonds PLC, a platform that issues retail eligible bonds for UK charities. Retail Charity Bonds was created by Allia, a UK charity and social investment specialist, and established in association with Canaccord Genuity Ltd.
The money raised will allow CAF to expand its services to charities and donors. CAF is one of the largest charitable foundations in Europe, helping people and businesses support good causes and supporting charities to make efficient use of their money. It works with 250,000 donors, 3,000 companies – including 66 of the FTSE 100 – and 50,000 charities.
CAF Chief Executive John Low said:
“CAF was delighted at the reception to our Retail Charity Bond and its early closure. Its success will allow us to further our work, enhancing CAF's services for donors and the thousands of charities we work with."