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Cognita (UK)

2004

Private

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£325,000,000

Current Yield

7.5%

*
Estimated Yield to Maturity

6.7%

**
Maturity Date

15 Aug 2021

Interest Payment Frequency

6m

Next interest payment

15 Aug 2018

Asset Security

First ranking charge over company assets

Industry Type

Education

Next Call

15 August 2017 at 103.875
15 August 2018 at 101.9375
15 August 2019 at 100

ISIN

XS1272329621


Business Description

Cognita is a worldwide group of 67 schools in Europe, Latin America and South-East Asia. They employ over 5,000 teaching and support staff in the care and education of more than 30,000 pupils.

* 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.
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