X

Supercharge your investing

Investor Guide Icon

The AA  (UK)

1905

Public

Status: Performing

All payments are on time


Coupon Explainer

5.5%

Current Yield Explainer

6.3%

*
Yield to Maturity Explainer

10.6%

*
Maturity Date

31 Jul 2022

Next Interest Payment

31 Jul 2019

Interest Period

6 months

Asset Security

Secured

Industry

Services

Amount

£570,000,000

ISIN

XS1211308231

Ratings

S&P:  B+

Call Schedule

31 Jul 2018 at 102.75
31 Jul 2019 at 101.375
31 Jul 2020 at 100

* 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.

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."

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” (fractions of corporate bonds). Each Note is backed by a specific bond.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK. It arranges and promotes the Notes issued by WiseAlpha Limited (BVI) and from time to time other WiseAlpha Product Issuers. Only WiseAlpha Technologies is regulated for the associated activities it conducts.
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