Dolphin Square Charitable Foundation
The Charity
Dolphin Square Charitable Foundation is a housing charity that seeks to provide well-designed, good-quality housing for people on modest incomes who live or work in the City of Westminster and surrounding boroughs. It works closely with Westminster City Council in both determining the needs of those living and working in Westminster and planning to help meet those needs.
The Dolphin Square Charitable Foundation 4.25% fixed rate Bonds due 2026 pay a fixed rate of interest of 4.25% per annum, payable twice yearly on 6 January and 6 July of each year. The Bonds are expected to mature on 6 July 2026 with a final legal maturity on 6 July 2028.
Issue date
06 July 2017
Expected maturity
06 July 2026
Final legal maturity
06 July 2028
Amount issued
£45m
Coupon type
Fixed
Coupon
4.25%
Frequency
Semi-annual
Payment dates
6 January, 6 July
ISIN
XS1634535253
SEDOL
BF47250
LSE Ticker
DSCF
Bloomberg ticker
RCHBLN 4.25 07/06/2026
Bond Documents
- Prospectus
TERMS AND CONDITIONS OF ACCESS TO THIS WEBPAGE
THE MATERIALS YOU ARE SEEKING TO ACCESS DO NOT CONSTITUTE AN OFFER TO BUY OR SELL THE SECURITIES DESCRIBED IN SUCH MATERIALS IN ANY JURISDICTION. THE SECURITIES DESCRIBED IN SUCH MATERIALS HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO US PERSONS (AS DEFINED IN REGULATIONS UNDER THE SECURITIES ACT). THERE WILL BE NO OFFER OF SECURITIES IN ANY JURISDICTION OUTSIDE THE UNITED KINGDOM, GUERNSEY, JERSEY AND THE ISLE OF MAN.
By accessing the materials on the Webpage (the “Materials“), you agree to be bound by the following limitations and will be deemed to have notice of the following information (in addition to any other information in the Materials):
The Materials are confidential and are being shown to you solely for your information and may not be retransmitted, distributed to any other person or copied or published, in whole or in part, via any medium or in any form for any purpose. The opinions presented in the Materials are based on general information gathered at the time of writing and are subject to change without notice. Retail Charity Bonds Plc (the “Company”) relies on information obtained from sources believed to be reliable but does not in such cases guarantee its accuracy or completeness. Your access to the Materials may be restricted by applicable law, and you must seek your own advice in relation to and observe any such restrictions.
The Materials do not constitute an offer or invitation to sell, or any solicitation of any offer to subscribe for or purchase any securities, and nothing contained herein shall form the basis of any contract or commitment whatsoever. The Materials (other than the prospectus dated 23 November 2020 (the “Prospectus“) have not been approved by the UK Financial Conduct Authority and neither the Materials nor the Prospectus have been approved by the regulatory authorities in Guernsey, Jersey or the Isle of Man. Any promotion, offer for subscription, sale or exchange of the securities in or from within Guernsey or otherwise directed at Guernsey residents may only be made in accordance with the Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended, the rules, regulations or guidance made or issued thereunder or any relevant exemptions therefrom. The securities may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958 and any circulation in Jersey of any offer for subscription, sale or exchange of the securities may only be made by a person or persons authorised to conduct investment business under the Financial Services (Jersey) Law 1998, as amended. Any offer for subscription, sale or exchange of the securities within the Isle of Man must be made (i) by an Isle of Man financial services licence holder licensed under section 7 of the Isle of Man Financial Services Act 2008 to do so or (ii) in accordance with any relevant exclusion or exemption therefrom.
No reliance may be placed for any purposes whatsoever on the information contained in the Materials, other than in respect of the Prospectus, or on their accuracy or completeness. The contents of the Materials, other than the Prospectus, have not been verified by the Company and none of the Materials have been verified by any other person. The information in the Materials is subject to completion and change. Any potential investor should determine for itself the relevance of the information contained in the Materials and any investment in the securities should be based upon such investigation as it deems necessary.
Investment in any securities issued by the Company will involve certain risks. A summary of the risks which the Company believes to be material in connection with any offering of securities is set out in the section headed “Risk Factors” in the Prospectus and also in the section headed “Key Risks of Investing in the Bonds” in the Information Booklet. There may be additional material risks that are currently not considered by the Company to be material or of which the Company is not currently aware. Before buying or selling any securities you should make sure that you fully understand and accept the risks which are set out in the Prospectus and the Information Booklet, and you should determine whether the investment is appropriate for you on the basis of all information contained in the Prospectus and all other relevant materials. Neither the Company nor their advisers and/or agents provide legal, tax, accounting or investment advice in relation to the securities and they are not responsible for any advice you may receive from any third party. You should seek independent advice if you are in any doubt as to the suitability of an investment in the securities for your circumstances.
Unauthorised use of the Webpage including, but not limited to, unauthorised entry or misuse of any information posted to the Webpage is strictly prohibited.
These Terms and Conditions and any non-contractual obligations arising out of or in conjunction with them will be governed by, and construed in accordance with, English law. The English courts will have jurisdiction to settle any disputes which may arise out of or in connection with these Terms and Conditions.
- Information Booklet
TERMS AND CONDITIONS OF ACCESS TO THIS WEBPAGE
THE MATERIALS YOU ARE SEEKING TO ACCESS DO NOT CONSTITUTE AN OFFER TO BUY OR SELL THE SECURITIES DESCRIBED IN SUCH MATERIALS IN ANY JURISDICTION. THE SECURITIES DESCRIBED IN SUCH MATERIALS HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO US PERSONS (AS DEFINED IN REGULATIONS UNDER THE SECURITIES ACT). THERE WILL BE NO OFFER OF SECURITIES IN ANY JURISDICTION OUTSIDE THE UNITED KINGDOM, GUERNSEY, JERSEY AND THE ISLE OF MAN.
By accessing the materials on the Webpage (the “Materials“), you agree to be bound by the following limitations and will be deemed to have notice of the following information (in addition to any other information in the Materials):
The Materials are confidential and are being shown to you solely for your information and may not be retransmitted, distributed to any other person or copied or published, in whole or in part, via any medium or in any form for any purpose. The opinions presented in the Materials are based on general information gathered at the time of writing and are subject to change without notice. Retail Charity Bonds Plc (the “Company”) relies on information obtained from sources believed to be reliable but does not in such cases guarantee its accuracy or completeness. Your access to the Materials may be restricted by applicable law, and you must seek your own advice in relation to and observe any such restrictions.
The Materials do not constitute an offer or invitation to sell, or any solicitation of any offer to subscribe for or purchase any securities, and nothing contained herein shall form the basis of any contract or commitment whatsoever. The Materials (other than the prospectus dated 23 November 2020 (the “Prospectus“) have not been approved by the UK Financial Conduct Authority and neither the Materials nor the Prospectus have been approved by the regulatory authorities in Guernsey, Jersey or the Isle of Man. Any promotion, offer for subscription, sale or exchange of the securities in or from within Guernsey or otherwise directed at Guernsey residents may only be made in accordance with the Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended, the rules, regulations or guidance made or issued thereunder or any relevant exemptions therefrom. The securities may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958 and any circulation in Jersey of any offer for subscription, sale or exchange of the securities may only be made by a person or persons authorised to conduct investment business under the Financial Services (Jersey) Law 1998, as amended. Any offer for subscription, sale or exchange of the securities within the Isle of Man must be made (i) by an Isle of Man financial services licence holder licensed under section 7 of the Isle of Man Financial Services Act 2008 to do so or (ii) in accordance with any relevant exclusion or exemption therefrom.
No reliance may be placed for any purposes whatsoever on the information contained in the Materials, other than in respect of the Prospectus, or on their accuracy or completeness. The contents of the Materials, other than the Prospectus, have not been verified by the Company and none of the Materials have been verified by any other person. The information in the Materials is subject to completion and change. Any potential investor should determine for itself the relevance of the information contained in the Materials and any investment in the securities should be based upon such investigation as it deems necessary.
Investment in any securities issued by the Company will involve certain risks. A summary of the risks which the Company believes to be material in connection with any offering of securities is set out in the section headed “Risk Factors” in the Prospectus and also in the section headed “Key Risks of Investing in the Bonds” in the Information Booklet. There may be additional material risks that are currently not considered by the Company to be material or of which the Company is not currently aware. Before buying or selling any securities you should make sure that you fully understand and accept the risks which are set out in the Prospectus and the Information Booklet, and you should determine whether the investment is appropriate for you on the basis of all information contained in the Prospectus and all other relevant materials. Neither the Company nor their advisers and/or agents provide legal, tax, accounting or investment advice in relation to the securities and they are not responsible for any advice you may receive from any third party. You should seek independent advice if you are in any doubt as to the suitability of an investment in the securities for your circumstances.
Unauthorised use of the Webpage including, but not limited to, unauthorised entry or misuse of any information posted to the Webpage is strictly prohibited.
These Terms and Conditions and any non-contractual obligations arising out of or in conjunction with them will be governed by, and construed in accordance with, English law. The English courts will have jurisdiction to settle any disputes which may arise out of or in connection with these Terms and Conditions.
Social impact
The Charity’s primary objective is to provide reasonable assistance in securing accommodation to workers in Westminster and neighbouring boroughs who cannot afford market housing and may be stuck in the trap of high rental costs and unstable tenancies.
The majority of the Charity’s affordable housing is intermediate rental homes. These homes provide stable tenancies at a range of rents affordable to households earning less than the affordable housing incomes limits set annually by the Mayor of London.
The Charity also provides a smaller number of homes at affordable and social rent that are subject to nominations by the local authority, and owns and lets a portfolio of homes for those with a more acute housing need.
