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Status: Performing

All payments are on time


Coupon

L+4.5%

Current Yield

5.3%

*
Estimated Yield to Maturity

5.3%

**
Maturity Date

15 Nov 2020

Next Interest Payment

15 Aug 2019

Interest Payment Frequency

3 months

Asset Security

First ranking charge over company assets

Industry

Banks & Financials

Amount

£150,000,000

ISIN

XS1794667169

Ratings

S&P:  B, Moody's  B2

Call Schedule

Callable any time


Business Description

Domestic & General is the leading specialist provider of warranties and warranty services for domestic appliances and consumer electronic products in its home UK market and a leading specialist provider in several of its international markets, with strong and growing international operations in Germany, Spain, Portugal, France, Italy and Australia.

Domestic & General was founded in 1912, initially trading as ‘The Western Australian Insurance Company’ which insured livestock during transportation. Over the 20th century, the company shifted its focus to insuring household appliances with continued growth supported by expansion into Europe.

From the early 1980s, it steadily built its position as a leading provider of insurance on domestic and electrical appliances and heating systems, gradually withdrawing from other areas of general insurance. By 1988 Domestic & General had listed on the LSE & by 1989 it had 1 million customers. Success begets success and the company expanded rapidly into germany and spain.

Fast forward to the 21st century and Domestic & General Group Limited is a private company, acquired by CVC Capital Partners on the 19th December 2013.

Capital at risk. No FSCS cover. See Risk Statement.

 

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note” (fractions of corporate bonds). Each Note is backed by a specific bond.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK. It arranges and promotes the Notes issued by WiseAlpha Limited (BVI) and from time to time other WiseAlpha Product Issuers. Only WiseAlpha Technologies is regulated for the associated activities it conducts.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
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