# Coventry Building Society raises £1.59 million for Poppy Appeal

- Link: https://fundraising.co.uk/2009/03/23/coventry-building-society-raises-159m-poppy-appeal/
- Published: 2009-03-23T17:43:36+00:00
- Author: Howard Lake

The Coventry Building Society has donated a staggering £1.591m to the Royal British
Legion’s Poppy Appeal.

The Coventry launched a Poppy Bond in October last year and pledged to donate 0.25
per cent of the total funds invested to the Poppy Appeal.

The Bond paid a fixed rate of 6.5 per cent until the end of December 2009. At the
launch, head of products at the Coventry Edward Sadler commented: “The Poppy Bond
is the ‘first of its kind’, it is innovative and unique.”

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A letter to investors from the Coventry’s chief executive David Stewart said: “I
am delighted to announce that, due to the success of this account with customers,
Coventry Building Society has donated a remarkable £1.591 million…this is one of
the largest donations ever made to the Legion’s Poppy Appeal.”

No-one was available from the Royal British Legion or the Coventry for comment.

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