Building the charity bond market
Big Society Capital has made a £875,000 secured loan to The Social Investment Market CIC Ltd ('SIMCIC' is the FSA regulated subsidiary of Investing for Good CIC Ltd) to enable SIMCIC to underwrite the issuance of a fixed income bond in order to build the market for further issuance by charities and social enterprises. The bonds are placed with institutional investors, public foundations, private trusts and individuals who are attracted by the blend of financial and social impact returns. Big Society Capital regard the issuance of bonds by the third sector as a key development in the social investment market place.
Outcomes:
- Education, learning and skills
- Employment and training
- Housing, property and essential needs
- Finance and legal matters
- Mental health
- Health, healthy living and lifestyle
- Personal and social well-being
- Personal and public safety
- Local area and getting around
- Arts, culture and recreation
- Politics, influence and participation
Beneficiaries:
- Individuals
- Families and Children
- Community, Sector and Society