Together (UK)

1974

Private

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£220,000,000

Current Yield

9.7%

*
Estimated Yield to Maturity

8.0%

**
Maturity Date

15 Nov 2021

Interest Payment Frequency

6m

Next interest payment

15 May 2018

Asset Security

Unsecured

Industry Type

Financial

Next Call

15 November 2018 at 104.0

ISIN

XS1512968584


Business Description

Established in 1974 Together is a specialist lender to niche markets offering short-term finance, auction finance, residential, buy-to-let and commercial mortgages, and secured loans. Together has grown every year for 42 years to become one of the most profitable and financially stable businesses in the North West. One with more than 460 employees and a loan book topping £1.8 billion.


Capital Structure

Source: Public company information
* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary here
Based on the £915m equity valuation paid in Oct 2016 to buy out the 30% stake previously held by Standard Life and Equistone

Information


Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

* 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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