Investing for Good works collaboratively with each social purpose organisation that is issuing a social bond to determine the appropriate size of notional issue, coupon (interest payment) rate and maturity.
In 2011-12, Investing for Good arranged the first exchange listed social bond in the UK for the disability charity Scope.
Scope successfully raised £2,000,000 as the first part of its £20,000,000 Social Bond Programme on May 31, 2012. The social bond has a 3 year maturity.
Investment was raised from a broad range of socially motivated investors including foundations, private trusts, high net worth individuals and institutional fixed income managers.
Scope is using the bond proceeds to develop sustainable revenue streams, such as expanding its network of charity shops in the UK. This in turn will allow them to further develop and fund expansion of their work with disabled people across the UK.
As well as meeting the annual interest payment, each year Scope is required to be assessed independently on its social impact. The first report was published by The Good Analyst in November 2012 and the second report published a year later. Both can be found here.
We can put you in touch with a contact at Scope who would be pleased to discuss their experience of issuing a social bond.
If you are interested in investing in the Scope Social Bond, or would like any more information, please contact us at firstname.lastname@example.org.
We arrange social bonds for outstanding charities and social enterprises that want to scale their organisations using unrestricted, unsecured finance