The Royal Masonic Benevolent Institution Care Company 6.25% Sustainable Bonds due 2029
This offer is now closed for applications through interactive investor
Confirmation of Issue Size
The Royal Masonic Benevolent Institution Care Company has confirmed the following sizing announcement:
- Issue Date: 7 March 2023
- Total principal amount of the Bonds issued (including Retained Bonds): £20,000,000
- Total principal amount of Retained Bonds: £10,000,000
- Amount of the Loan to be advanced on the Issue Date: £10,000,000
- Estimated expenses relating to the offer: £150,000
- Estimated net proceeds of the offer: £9,850,000
Allocations have been met in full, meaning customers will receive 100% of the amount they applied for.
Allocations are being credited today (Monday 27 February 2023). Confirmation of allocations will be sent once the Bonds are showing on accounts.
Key information
| Issue price (per Bond): | £100 |
| Minimum investment: | £500 (multiples of £100 thereafter) |
| Interest rate: | 6.25% |
| Term of the Notes: | 6 years |
| Maturity date: | 7 March 2029 |
Expected timetable
| Offer open: | 30 January 2023 |
| Offer close: | 24Â February 2023 (9am) |
| Issue date of the Bonds: | 7 March 2023 |
| First day of trading: | 8 March 2023 (8am) |
The key dates for the offer are indicative only and subject to change without notice. The Company announced an Early Closure of the Offer Period on 24 February 2023.
We, Interactive Investor Services Limited, refer to the 6.25 per cent. Sustainable Bonds due 7 March 2029 (the "Bonds") described in the Prospectus dated 30 January 2023 (the "Prospectus") published by RCB Bonds PLC (the "Issuer"). In consideration of the Issuer and The Royal Masonic Benevolent Institution Care Company (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 30 January 2023 to 12.00 noon (London time) on 28 February 2023 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.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"The Royal Masonic Benevolent Institution Care Company" and the The Royal Masonic Benevolent Institution Care Company logo are reproduced by kind permission of The Royal Masonic Benevolent Institution Care Company. 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, M3Â 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.