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Viridian  (Ireland)

1999

Private

Status: Performing

All payments are on time

BACK TO MARKET


Coupon

4.75%

Current Yield

4.9%

*
Estimated Yield to Maturity

5.4%

**
Maturity Date

15 Sep 2024

Next Interest Payment

15 Mar 2019

Interest Payment Frequency

6 months

Asset Security

First ranking charge over company assets

Industry

Energy, Utilities & Infrastructure

Amount

£225,000,000

ISIN

XS1684812339

Ratings

Moody's  B1, Fitch  BB-

Next Call

15 Sep 2020 at 102.375
15 Sep 2021 at 101.188
15 Sep 2022 at 100


Business Description

Viridian is the leading independent energy company in the all-Ireland market. With substantial businesses in both North Ireland and the Republic of Ireland and an annual turnover of circa €1.5 Billion, the Viridian Group is one of Ireland’s Top 50 Businesses. Viridian Group has always been at the forefront of innovation and was the first independent energy company to enter the deregulated market to offer competitive electricity to Irish businesses in 1999. Viridian, a forward thinking and innovative organisation, was first to market with many major initiatives including:

  • First independent energy company to build two modern power plants in Ireland with no state guarantees.
  • First independent energy company to offer competitive gas to Irish businesses and Ireland’s first independent dual fuel offering.
  • First energy company to trade electricity using the north-south inter-connector.
Through Energia and Power NI, Viridian has a circa 20% share of domestic electricity sales and a circa 27% share of business electricity sales on an all-Ireland basis. Viridian employs approximately 630 staff across North Ireland and the Republic Of Ireland.

Capital at risk. No FSCS cover. See Risk Statement.

 

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