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McLaren  (UK)

1963

Private

Status: Performing

All payments are on time


Coupon Explainer

5.0%

Current Yield Explainer

5.1%

*
Yield to Maturity Explainer

5.6%

*
Maturity Date

01 Aug 2022

Next Interest Payment

01 Aug 2019

Interest Period

6 months

Asset Security

Senior Secured

Industry

Automotive

Amount

£370,000,000

ISIN

XS1577956516

Ratings

S&P:  B, Moody's:  B2

Call Schedule

01 Aug 2019 at 102.5
01 Aug 2020 at 101.25
01 Aug 2021 at 100

* 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.

Business Description

McLaren Technology Group is globally renowned as one of the world’s most illustrious high-technology brands. Since its foundation in 1963, McLaren has been pioneering and innovating in the competitive world of Formula 1, forging a formidable reputation which has seen the racing team win 20 World Championships and over 180 races. The Group has built on its successful racing expertise and diversified to include a global, high-performance sports car business, McLaren Automotive, and a game-changing technology and innovation business, McLaren Applied Technologies.

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” (fractions of corporate bonds). Each Note is backed by a specific bond.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK. It arranges and promotes the Notes issued by WiseAlpha Limited (BVI) and from time to time other WiseAlpha Product Issuers. Only WiseAlpha Technologies is regulated for the associated activities it conducts.
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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