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Status: Performing

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Coupon

10%

Current Yield

9.5%

*
Estimated Yield to Maturity

8.7%

**
Maturity Date

01 Nov 2023

Next Interest Payment

01 May 2019

Interest Payment Frequency

6 months

Asset Security

Unsecured, guarantees from parent

Industry

Healthcare

Amount

£35,000,000

ISIN

XS1533910847

Ratings

Moody's  Caa1

Next Call

01 Nov 2019 at 105
01 Nov 2020 at 102.5


Business Description

Voyage Care are the leading provider of care services for adults with learning disabilities and other related complex and challenging support needs across the UK, measured in terms of beds. The vast majority of people they support have life-long conditions and high acuity needs, which have been assessed as either ‘‘critical’’ or ‘‘substantial’’ by Local Authorities and PCTs and therefore require ongoing care services to help them look after themselves. The non-discretionary nature of such high acuity, long-term conditions, combined with the long average length of stay, provides them with visibility of expected occupancy levels and provides a degree of resilience to government spending pressures.

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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