Triodos Bank launches £5m IFISA-eligible charity crowd bond
Triodos Bank UK is offering investors the chance to earn 5.25 per cent per year by funding a charitable crowd bond.
The Thera Trust, which provides adapted housing for people with learning disabilities, is looking to raise £5m through the Triodos crowdfunding platform.
The investment can be held in the Triodos Bank Innovative Finance ISA (IFISA) wrapper.
The 5.5 year bond will pay investors 5.25 per cent interest per year, with a minimum investment of £100.
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Funds raised will help the charity purchase around 10 additional properties as well as providing some working capital.
The properties will be adapted by Thera to enable people that they support to live in their own home in an environment that meets their needs.
“Our experience shows that more and more of us are looking for ways that we can contribute to building a fairer society and this is even more important as we emerge from the covid-19 crisis,” Dan Hird, head of corporate finance at Triodos Bank UK, said.
“This bond offer allows ordinary investors to support a fantastic charity in Thera Trust, who are helping more people with a learning disability live more independently; while also earning a tax-free financial return on their investment.”
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