ORB Charity Bonds on London Stock Exchange

A new issuing platform for charities, Retail Charity Bonds, was launched in July 2014 in response to increased investor demand for instruments with a socially responsible and ethical impact. An initiative of Allia, a UK charity and social investment specialist, in association with Canaccord Genuity, the platform helps provide established UK charities with affordable access to the retail bond market.

As part of the initiative London Stock Exchange launched a dedicated ‘Retail Charity Bond’ segment on the Order book for Retail Bonds (ORB). ORB, which is part of the Main Market, is London Stock Exchange’s flagship electronic retail bond market offering issuers a primary market for the issuance and distribution of retail eligible bonds as well as a liquid, transparent secondary market for investors. A total of 55 dedicated issues have raised approximately £5 billion since its launch six years ago.

In June 2015, in order to support future issuances London Stock Exchange waived admission fees for charity bonds that list on ORB. Since the launch of the Retail Charity Bond segment, London Stock Exchange has welcomed three Retail Charity Bonds to its markets, raising a total of £68 million. Issuers include Golden Lane Housing, Hightown Praetorian Housing Association and Charities Aid Foundation.