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Paragon Group (UK)

1985

Public

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£150,000,000

Current Yield

6.7%

*
Estimated Yield to Maturity

5.9%

**
Maturity Date

09 Sep 2026

Interest Payment Frequency

6m

Next interest payment

09 Sep 2018

Asset Security

Unsecured Tier II Capital

Industry Type

Finance and Banking

Next Call

09 September 2021@100

ISIN

XS1482136154


Business Description

The Group is a specialist provider of finance focused on BTL mortgages, debt purchase, asset and development finance, consumer loans and lending to SMEs. At its latest half year reporting date on 31 March 2017, the Group had approximately £10.9 billion of loan assets. The Group distributes its products through financial intermediaries, including mortgage advisers who are directly authorised by the FCA, appointed representatives of financial adviser networks, and commercial finance brokers.

* 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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