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Premier Foods (UK)

1800

Public

Status: Repaid

BACK TO MARKET


Amount

£325,000,000

Current Yield

6.4%

*
Estimated Yield to Maturity

5.8%

**
Maturity Date

15 Mar 2021

Interest Payment Frequency

6m

Next interest payment

15 Sep 2018

Asset Security

First ranking charge over company assets

Industry Type

Food Manufacturing

Next Call

15 Mar 2017 103.25, 15 Mar 2018 101.625, 15 Mar 2019 100.0

ISIN

XS1043621090


Business Description

Premier Foods is one of the UK's largest food producers, with approximately 95% of UK households buying one or more of their products every year. The Company's segments include Grocery, Sweet Treats and International. The Grocery segment primarily sells savory ambient food products. The Sweet Treats segment sells sweet ambient food products. Brands include Ambrosia, Angel Delight, Batchelors Soups, Bisto, Cadbury's cakes, Homepride, Lloyd Grossman, Lyons, Mr. Kipling, Oxo, Paxo and Sharwoods. The business employs approximately 3,700 people and operates from 14 locations in the UK.

* The coupon divided by the price. Where the coupon is partly dependent on Libor it uses market based Libor forecasts at each coupon date over the next 12 months.
** The estimated yield from holding a bond to maturity including interest and capital repayment and assuming interest is re-invested at the same yield. Please note this calculation may be adversely affected by features in bond such as calls or prepayments. Where the coupon is partly dependent on Libor it uses market based forecasts of Libor until the maturity date.
Please note that the current yield and yield to maturity are an estimated return calculation and not guaranteed. All yields shown are gross of taxation and our Service Fee.

Status: Repaid


Notes:

The company currently has no outstanding notes.

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.

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