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Virgin Media  (UK)

Incorporated 2004

Privately owned by Liberty Global

Status: Performing

All payments are on time

BACK TO MARKET


Coupon

6.25%

Current Yield

5.9%

*
Estimated Yield to Maturity

5.5%

**
Maturity Date

28 Mar 2029

Next Interest Payment

15 Jan 2019

Interest Payment Frequency

6 months

Asset Security

First ranking charge over company assets

Industry

Cable & Telecoms

Amount

£400,000,000

ISIN

XS1047556664

Ratings

S&P:  BB-, Moody's  Ba3, Fitch  BB+

Next Call

15 Jan 2021 at 103.125
15 Jan 2022 at 102.083
15 Jan 2023 at 101.042
15 Jan 2024 at 100


Business Description

Virgin Media is a part of Liberty Global plc, the world’s largest international cable television company. Together Virgin Media and Liberty Global serve 25 million customers across 14 countries, helping connect people to the digital world and enabling them to discover and experience its endless possibilities. Virgin Media is the UK’s first provider of all four broadband, TV, mobile phone and home phone services. The cable network is the result of a multi-billion pound private investment and delivers ultrafast broadband to over half of all UK homes, with speeds of up to 152Mb, as well as market leading connectivity to thousands of public and private sector organisations across the country.

Virgin Media deliver one of the most advanced interactive television services in the country, bringing together broadcast TV, thousands of hours of TV On Demand and the best of the web in a single set-top box powered by TiVo®. Virgin Media were even the first to offer HD TV and 3D On Demand to millions of British households.

Virgin Mobile was launched over a decade ago as the world’s first virtual mobile network and is also one of the largest fixed-line home phone providers.

Virgin Media additional image

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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