X

Supercharge your investing

Investor Guide Icon

Iceland  (UK)

1970

Private

Status: Performing

All payments are on time


Coupon Explainer

4.625%

Current Yield Explainer

5.0%

*
Yield to Maturity Explainer

6.2%

*
Maturity Date

15 Mar 2025

Next Interest Payment

15 Oct 2019

Interest Period

6 months

Asset Security

First ranking charge over company assets

Industry

Retail

Amount

£550,000,000

ISIN

XS1681806326

Ratings

S&P:  B, Moody's:  B2

Call Schedule

15 Sep 2020 at 102.315
15 Sep 2021 at 101.156
15 Sep 2022 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

Iceland is a national UK food retailer specialising in frozen food with 852 stores in the UK. They offer their customers a range of over 2,500 food SKUs including frozen, chilled and grocery products. Their products range from everyday items such as milk, eggs and bread to an extensive range of approximately 900 frozen food SKUs covering a broad spectrum from ready meals, pizzas and party food to frozen meat, fish, poultry and vegetables.

Iceland are focused on the value-end of the retail market and trade from conveniently located stores throughout the UK. They have recently started selling a number of luxury food products through their online platform

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).
© wisealpha.com. All rights reserved