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Amigo Loans  (UK)

2000

Private

Status: Performing

All payments are on time


Coupon

7.625%

Current Yield

7.4%

*
Estimated Yield to Maturity

6.8%

**
Maturity Date

15 Jan 2024

Next Interest Payment

15 Jul 2019

Interest Payment Frequency

6 months

Asset Security

First ranking charge over company assets

Industry

Banks & Financials

Amount

£400,000,000

ISIN

XS1533928625

Ratings

S&P:  B+, Moody's  B1

Call Schedule

15 Jan 2020 at 103.812
15 Jan 2021 at 101.906
15 Jan 2022 at 100


Business Description

Amigo Loans is the market leader in guarantor backed term loans of up to £10,000 within the consumer finance market. The company was set up in 2000, listed on the LSE in June 2018 and is a constituent of the FTSE 250 index.

Approximately 63.5% of the company is owned by Richmond Group, which is in turn controlled by James Benamor, the founder of Amigo Loans. Amigo has recently secured a licence to begin lending in Ireland, and plans to start operations in the country before the end of March 2019.

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).
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