Triodos Bank UK launches capital raising bond to support growth plans

Triodos Bank UK Ltd has launched a capital raising bond to raise tier 2 regulatory capital. The Triodos Bank 2020 Bond issue will help to support its ambition to grow lending in the UK in the coming years, with an emphasis on supporting sustainability and social impact focused organisations through Covid-19 and beyond, whilst maintaining UK regulatory capital requirements. Triodos Bank UK became a wholly owned subsidiary of Triodos Bank N.V. in 2019, prompted by the UK’s withdrawal from the European Union. Significant regulatory capital contributions from Triodos Bank N.V.…

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Triodos Bank funds UK’s first 100% electric intercity coach service

Transport start-up Ember has worked with Triodos Bank UK to secure new lending as part of the government’s Coronavirus Business Interruption Loan Scheme (CBILS). A £490,000 loan has helped the company to purchase two all-electric coaches for its first route between Dundee and Edinburgh. Launching in October, this will be the UK’s first 100% electric intercity coach service and is understood to be one of the first services of its kind in the world. The new coaches, the second of which has been delivered this week, will make the 125-mile…

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Triodos Bank bolsters its UK impact investment portfolio

Triodos Investment Management (Triodos IM), the investment arm of Triodos Bank, is launching the Triodos Sterling Bond Impact Fund – a bond fund at the lower end of the risk/return spectrum rated with an SRRI of 3/7 based on simulated past performance data.  It is the first time Triodos IM has issued a fund in GBP. The new Fund, which will be open for pre-launch subscriptions from 24 September (and is expected to launch on Monday 2 November) at the price of £20 per share, bolsters the Triodos impact investment portfolio…

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Pioneering Sustainable Bank First To Launch Crowdfunding Platform

Triodos Bank, a global pioneer of sustainable banking, has become the first bank in the UK to launch its own crowdfunding platform. The platform (www.triodoscrowdfunding.co.uk) offers a range of crowdfunding opportunities enabling people to invest directly in equity or bonds issued by organisations delivering positive social and environmental impacts. The bonds are eligible to be held in the Innovative Finance ISA, allowing investors to receive the interest they earn on these investments tax-free. People can invest as little as £500 – some offers will have lower investment minimums – in…

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Abergavenny Food Festival teams up with Ethical Bank to champion healthy food and farming

Abergavenny Food Festival has chosen Triodos Bank as one of this year’s key partners, underlining how a sustainable food and farming system is essential to a healthy food culture in the UK. As the UK’s leading sustainable bank, Triodos is uniquely positioned to support the festival’s mission to draw people from all walks of life to explore and learn about great food and drink. Chief Executive of Abergavenny Food Festival, Aine Morris says of Triodos’ support for the festival: “This year’s festival is predominantly about real food, real farmers, and real chefs; banks…

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