X

Supercharge your investing

Investor Guide Icon

Pizza Express (UK)

1965

Private

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£200,000,000

Current Yield

8.4%

*
Estimated Yield to Maturity

7.9%

**
Maturity Date

01 Aug 2022

Interest Payment Frequency

6m

Next interest payment

01 Aug 2018

Asset Security

Unsecured

Industry Type

Food Retail

Next Call

01 Aug 2018 at 104.3125
01 Aug 2019 at 102.15625
01 Aug 2020 at 100

ISIN

XS1028948047


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.

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).
© wisealpha.com. All rights reserved