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Status: Performing

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Coupon

8.0%

Current Yield

6.9%

*
Estimated Yield to Maturity

5.3%

**
Maturity Date

23 Nov 2026

Next Interest Payment

23 Nov 2019

Interest Payment Frequency

12 months

Industry

Banks & Financials

Amount

£350,000,000

ISIN

XS1523966197

Ratings

Fitch  BBB+


Business Description

The 'Pension Insurance Corporation' is a UK based specialist insurance company, focused on securing the risks associated with defined benefit pension funds in the UK.

At half-year 2018, the company had £27.9bn of financial investments and insured 162,800 pension fund members across 170+ pension funds. The Abu Dhabi Investment Authority (“ADIA”), which manages as much as $875 billion, recently took a 21% stake in the company.

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”, which corresponds and is backed by a specific loan or bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK.
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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