Ocado (UK)



Status: Performing

All payments are on time

All covenants met




Current Yield


Estimated Yield to Maturity


Maturity Date

15 Jun 2024

Interest Payment Frequency


Next interest payment

15 Dec 2017

Asset Security

First ranking charge over company assets

Industry Type

Food retail/Technology

Next Call

15 Jun 2020
102.0, 15 Jun 2021
101.0, 15 Jan 2022



Business Description

Ocado is one of the world’s leading dedicated online grocers. Headquartered in Hatfield, U.K., and founded in 2000, Ocado have been listed on the London Stock Exchange since July 2010 and are a member of the FTSE 250 index with a market capitalisation of £1.73 billion as at 9 June 2017. Their objective is to provide, at a low operating cost, their customers with the best proposition in online grocery shopping. They have developed a leading end-to-end operating solution for online grocery retail based on proprietary technology and intellectual property for operating their our own retail business, which is also deployed to provide platform solutions to our commercial partners. Grocery is the largest of all retail segments and is increasingly moving online supported by the rapid growth of shopping on mobile devices.

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 Market capitalisation of £1.9bn as of 22nd June 2017

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* This is the estimated return an investor can expect to receive over the next 12 months expressed in percentage terms. It is the sum of the expected interest payments over the year and where the coupon is partly dependent on Libor uses market based Libor forecasts at each coupon date and also takes into account the Note's current price. It is gross of taxation and our Service Fee. The current yield is therefore an estimated return only and is not guaranteed and may be revised in the future.
** This is an estimated annualised return gross of taxation and our Service Fee assuming the investment is held to maturity. It equates the present value of expected future interest payments of a Note into an annual yield across its life relative to the Note's current price. Where the interest coupon is partly dependent on Libor it uses market based forecasts of Libor and assumes that all interest is re-invested at a rate equal to the Yield to Maturity. For floating rate coupons because current market based forecasts are for Libor to increase in future years the calculation of Yield to Maturity assumes the interest paid to investors will be higher in future years. However, there is no guarantee that the Bank of England will raise interest rates or that Libor will increase as a result. In addition, any changes to the financial circumstances of the company or changes in the economic terms of the underlying loan could also impact future interest payments. The Yield to Maturity is therefore an estimated return only and is not guaranteed.

Status: Performing


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.

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