News

16th May

Nuffield Health see fit to launch 6% 'mini bond'

Nuffield Health, the country’s leading not-for-profit provider of health and wellbeing services, has today announced the launch of a retail bond – the Nuffield Health Bond - to support investment in healthcare services in the UK.

The charity is inviting people to apply for the Bond in amounts of £1,000 to £250,000 in return for a fixed annual return of 6% (gross) in cash.

The Nuffield Health Bond, a five-year fixed term product, is aiming to raise £15m to help fund investment in joined up healthcare services across the country that focuses on prevention, fitness and wellbeing as well as cure.

The launch follows the announcement of Nuffield Health’s financial performance with underlying earnings¹ increasing by 21% over the last two years, against a virtually flat GDP over the same period. Any surplus money the charity makes is always re-invested and, over the same period, around £115m has been invested back into capital expenditure. 

This includes the purchase of Greens Health and Fitness chain, the refurbishment of many hospitals and health clubs and the building of new hospitals in Cambridge and Bristol.

¹EBITDA excluding exceptional items

David Mobbs, Group Chief Executive of Nuffield Health, said:“We are proud that over 50 years ago Nuffield Health created choice in healthcare. We are proud we are continuing to offer choice and innovate so we can provide high quality, integrated health services for people in a way which is meaningful for them.  By fully integrating treatment with prevention, we offer people a highly personalised healthcare programme. From diagnosis through to diet, it amounts to a continuous cycle of care that Nuffield Health is committed to delivering.“

The funds raised by the Bond will help us further develop our unique service so not only will you be getting a competitive return, you will also be helping us raise money to achieve our mission of making a real difference to the future of healthcare in this country.”Applications for the Bond are due to close on 18 June and will be considered on a first come, first served basis.

Kevin Doran

Posted on 29/05/2013 12:56:26

Can we call this "bond" what it actually is, which is a private placement. As a participant in the retail bond market, it's important that we protect the franchise where possible. The "bonds" mentioned here offer no secondary market facility, which only adds liquidity risk. Hard to see how investors are being compensated for the additional uncertainty.

Alexavier

Posted on 12/05/2016 08:14:08

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