Glasgow's Green Investment 2

Funding a series of nature-based interventions across the city

Interest rate: 4.0% a year
Term: 5 years
Total Invested: £1m

Maturity date 30 Jun 2031

About Glasgow City Council

Glasgow City Council is committed to making Glasgow one of the greenest cities in Europe, creating a healthier and more climate resilient city for its citizens to enjoy.

The city is working towards an ambitious goal of being Net Zero Carbon by 2030 through the delivery of the Glasgow Climate Plan which outlines the city's vision and sets out a course of action.

The council wants this transition to benefit all communities in the city, improving both quality of life and climate resilience.

This investment programme allows residents to get involved to support the council's ambitions.

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How is the council using the money raised?

Glasgow City Council will use the money raised to fund interventions in the city to help fight against the present and future impacts of climate change. Money raised will be used to fund a series of nature-based interventions in suitable streetscapes outside schools and care homes across the city.

These interventions may include improvements to the public realm such as street trees, trees in planters with integrated seating, green walls, or other greening projects that help to fight against the present and future impacts of climate change and improve the quality of life for our citizens through healthy streets.

All investments from Glasgow City Council are compliant with the Green Loan Principles - internationally recognised standards that are also used by the UK Government for its green investments products. They require that the money invested can only be used to fund eligible green projects.

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Glasgow City Council are funding nature-based interventions across the city

Key terms

BorrowerGlasgow City Council

Use of funds

Funding Eligible Green Projects under the Green Finance Framework.

Interest rate4.0% a yearThis is the interest rate paid by the Borrower to lenders and does not include the cost of fees paid to Abundance in its role as Arranger and Agent.

Term period5 years after end of 'Initial interest period'

Maturity date30 June 2031

Capital repaymentLump sum on maturity

Offer open date2 March 2026

Offer close date1 June 2026The Loan Opportunity may be withdrawn before the Offer Close Date at the Borrower's discretion subject to it posting notice of withdrawal on the Abundance website.

Minimum borrowing amount£5.00

Maximum borrowing amount£1 million

Initial interest periodThis will start on the date the lender makes their investment and ends on 30 June 2026.

Interest periodsFrom 1 July to 30 December and 1 January to 30 June each year, starting from 1 July 2026.

Return structure10 semi-annual payments of Interest on the last day of each Interest Period. Capital is repaid as a lump sum on the Maturity Date.

Arrangement fee1.20% of the total loan amount raisedThis is the fee paid to Abundance in its role as Arranger. The interest rate above is quoted after fees.

Management fee0.10% of the outstanding loan amount, per yearThis is the fee paid to Abundance in its role as Agent. The interest rate above is quoted after fees.

Early repayment optionsThe Borrower has the option to make a full early repayment of the Loans by giving notice to Abundance. An early repayment fee equal to 12 months' Interest will apply.

Documents

Loan Conditions

Download PDF Together with the key terms, the loan conditions form the legal agreement that define the terms of the investment.

Payment schedule

This table gives a breakdown of what is due to be paid back on this investment, based on an example investment of £1,000.

Payment schedule table
Payment date	Capital repayment	Interest	Total
31 December 2026	£0.00	£20.00	£20.00
30 June 2027	£0.00	£20.00	£20.00
31 December 2027	£0.00	£20.00	£20.00
30 June 2028	£0.00	£20.00	£20.00
1 January 2029	£0.00	£20.00	£20.00
2 July 2029	£0.00	£20.00	£20.00
31 December 2029	£0.00	£20.00	£20.00
1 July 2030	£0.00	£20.00	£20.00
31 December 2030	£0.00	£20.00	£20.00
30 June 2031	£1,000.00	£20.00	£1,020.00
Total	£1,000.00	£200.00	£1,200.00