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Pizza Express  (UK)

1965

Private

Status: Performing

All payments are on time

BACK TO MARKET


Coupon

6.625%

Current Yield

7.3%

*
Estimated Yield to Maturity

10.3%

**
Maturity Date

01 Aug 2021

Next Interest Payment

01 Feb 2019

Interest Payment Frequency

6 months

Asset Security

First ranking charge over company assets

Industry

Consumer & Food

Amount

£465,000,000

ISIN

XS1028948120

Ratings

S&P:  B-, Moody's  B2

Next Call

01 Aug 2019 at 102.156
01 Aug 2020 at 100


Business Description

Inspired by a love of real Italian pizza, PizzaExpress has been pioneering delicious handmade pizza since 1965. PizzaExpress is the market-leading casual dining brand in the UK, where the company currently operates over 484 sites. The company also has strong positions across international markets with around 100 sites trading from 13 different markets.

* 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.

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

 

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