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RAC  (UK)

1897

Privately owned

Status: Performing

All payments are on time

BACK TO MARKET


Coupon

5%

Current Yield

5.2%

*
Estimated Yield to Maturity

6.2%

**
Maturity Date

06 Nov 2022

Next Interest Payment

06 May 2019

Interest Payment Frequency

6 months

Asset Security

Whole Business Securitisation

Industry

Services

Amount

£275,000,000

ISIN

XS1645523579

Ratings

S&P:  BBB-

Next Call

14 Jul 2019 at 102.5
14 Jul 2020 at 101.25
14 Jul 2021 at 100


Business Description

The RAC is headquartered in Birmingham with approximately 4,000 dedicated staff operating from four bases throughout the UK and provides motor-related services to both consumers and corporate clients. They have over 8.6 million members. The RAC offers vehicle and breakdown services through a nationwide, branded patrol force, focusing primarily on vehicle repair and recovery. They boast the world's most advanced computer systems to deal with roadside assistance calls.

In 2016, the RAC's patrol force attended to 2.4 million rescue breakdowns. In addition, the RAC provides motor insurance broking services and offers a suite of legal and motor claims services, which provide both consumers and corporate customers with legal cover and advice as well as a range of claims management services.

RAC additional image

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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