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The AA (UK)

1905

Public

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£570,000,000

Current Yield

5.7%

*
Estimated Yield to Maturity

6.6%

**
Maturity Date

31 Jul 2022

Interest Payment Frequency

6m

Next interest payment

31 Jul 2018

Asset Security

Secured

Industry Type

Service

Next Call

31 July 2018 at 102.75
31 July 2019 at 101.375
31 July 2020 at 100.0

ISIN

XS1211308231


Business Description

The AA is the UK’s leading provider of roadside assistance, with approximately 3,000 patrols attending an average of around 10,000 breakdowns by cars, motorbikes, caravans and vans every day. The AA also offers Motor, Home, Home Emergency Response, Travel and other specialist insurance policies. We act as broker for the insurer, operating a diverse panel of third-party underwriters, including many of the UK’s major insurance underwriters.

* 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: Performing


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.

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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