X

Supercharge your investing

Investor Guide Icon

Premium Credit  (UK)

1986

Private

Status: Performing

All payments are on time


Coupon

7.0%

Current Yield

7.1%

*
Estimated Yield to Maturity

7.9%

**
Maturity Date

01 May 2021

Next Interest Payment

01 Nov 2019

Interest Payment Frequency

6 months

Industry

Banks & Financials

Amount

£200,000,000

ISIN

XS1028955687

Ratings

Moody's  B1

Call Schedule

01 May 2017 at 105.25
01 May 2018 at 103.5
01 May 2019 at 101.75
01 May 2020 at 100


Business Description

Premium Credit provides loans for individuals and companies, allowing them to spread payments for insurance and other financial products.

The group is the UK’s largest provider of insurance-premium finance with a market share of 60% and more than 2m customers.

Although the group’s main business is insurance, it has expanded into instalment plans for school fees and sports and leisure-club membership in recent years. It sells its products through about 3,000 brokers as well as insurers and Lloyd’s of London syndicates.

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 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).
© wisealpha.com. All rights reserved