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Saga (UK)

1959

Public

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£250,000,000

Current Yield

3.4%

*
Estimated Yield to Maturity

3.5%

**
Maturity Date

12 May 2024

Interest Payment Frequency

6m

Next interest payment

12 Nov 2018

Asset Security

Unsecured

Industry Type

Travel, Financial

Next Call

12 February 2024@100.0

ISIN

XS1610655950


Business Description

Saga is the UK’s leading provider of insurance, travel, personal finance and healthcare products and services tailored to the needs of the over 50s. A trusted brand with 97% recognition amongst the UKs over 50's, 2.7 million customers and a 65 year history.

* 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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