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Thera Trust

Thera 2015 Bond

Investment product details

The bonds are transferable and may be sold via the Ethex Bulletin Board.

Transferable bonds can only be bought when a party that already owns some is willing to sell them, or when the business does a new bond issue.

Transferable bonds can be sold on to third parties - provided willing buyers can be found. They also vary in value, subject to the price that sellers and buyers want to sell and buy at. 


Financial return

Interest policy

Thera Trust charity bonds intends to pay a fixed rate of 5.5% gross per year payable annually in arrears. Payment of interest and capital is not guaranteed and is dependent on the continued success of Thera Trust's business model.

How bond interest is paid

Bond interest is due to be paid on the 31st December in each calendar year from 2016 until 31 December 2020 at which point the bond is due to be repaid. Payments can be made by cheque or direct to your bank account. Payment of interest and capital is not guaranteed and is dependent on the continued success of Thera Trust's business model.


Social return

Investments made on Ethex don’t just offer the prospect of a financial return. We analyse and report on the ‘social performance’ of each investment, to reveal the ‘social return’ your money delivers. Read more


Minimum Investment amount

£1000 


Maximum Investment amount

None 


Fees payable to buy and sell this product

£20 administration charge per transaction (payable by both buyers and sellers).

Statutory charges

None


Why invest in Thera Trust charity bonds?

Over the previous two years 84 people have achieved sustainable housing solutions as a result of the funding facility from Cheyne Capital

Anna's Story
Anna's Story

Anna is an inspirational, determined lady who has a passion for helping others. She previously lived with her parents but decided she wanted to move out in to her own house more suitable for her health needs. Anna is full of energy: she plays indoor bowls, is a member of the local Scrabble Club and has recently joined a band for people with a learning disability.

Getting your money back

Your bond is due to be repaid on 31st December 2020. Payment of interest and capital is not guaranteed and is dependent on the continued success of Thera Trust's business model.

If you want your money back before then, you can only do so by finding someone else that is willing to buy the bonds at the price you want to sell them at.

Ethex provides a service designed to help match up buyers and sellers of these bonds, but the provision of this service does not guarantee that you will be able to buy or sell, nor the price at which you may be able to do so.


Keeping track of your investment

The details of your investment will be recorded on your bond certificate and by Thera Trust's registrars.

Bondholders will receive a Thera Trust annual report which will contain details of how the Bond monies have been utilised and compliance with the Interest cover and Asset cover Covenants


Tax considerations

Generally, payments of interest on the Bonds will be made with deduction of or withholding on account of United Kingdom income tax at the basic rate of income tax, (currently 20%).


Eligibility

This investment is a UK investment open to everyone aged 18 years of age or over.

If you are not a UK resident, please contact us at help@ethex.org.uk and we will discuss the terms and conditions of investing in this product with you. 

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Need help?

The Ethex team are here to help from 9am to 5pm

https://www.ethex.org.uk/savings--investments_16.html

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