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Viridian (Ireland)

1999

Private

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Coupon

4.75%

Current Yield

4.7%

*
Estimated Yield to Maturity

4.7%

**
Maturity Date

15 Sep 2024

Next interest payment

15 Sep 2018

Interest Payment Frequency

6m

Next Call

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

Asset Security

First ranking charge over company assets

Industry

Energy, Utilities & Infrastructure

Amount

£225,000,000

ISIN

XS1684812339

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.

* 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.

 

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