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Status: Performing

All payments are on time

All covenants met

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Amount

£230,000,000

Current Yield

10.0%

*
Estimated Yield to Maturity

8.8%

**
Maturity Date

01 Nov 2023

Interest Payment Frequency

6m

Next interest payment

01 May 2018

Asset Security

Unsecured, guarantees from parent

Industry Type

Financial

Next Call

01 August 2018 at 108.25
01 Aug 2019 at 105.5
01 Aug 2020 at 102.75
01 Aug 2021 at 100.0

ISIN

XS1308316568


Business Description

Garfunkelux was formed in late 2015 following the acquisition of GFKL Group, Germany's largest receivables management business and Lowell Group, the UK's largest debt purchasing and collections business. The merging of the two companies has enabled the company to become one of the leading European players with market leading positions in the UK and Germany. The company's expertise is in debt purchasing, third party collection and business process outsourcing. The company has over 2,300 employees across eleven locations.

* 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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