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Stonegate  (UK)

2014

Private

Status: Performing

All payments are on time

BACK TO MARKET


Coupon

4.875%

Current Yield

4.8%

*
Estimated Yield to Maturity

4.5%

**
Maturity Date

15 Mar 2022

Next Interest Payment

15 Mar 2019

Interest Payment Frequency

6 months

Asset Security

First ranking charge over company assets

Industry

Property

Amount

£405,000,000

ISIN

XS1575503146

Ratings

S&P:  B-, Moody's  B2

Next Call

15 Mar 2019 at 102.438
15 Mar 2020 at 101.219
15 Mar 2021 at 100


Business Description

Stonegate operate over 690 pubs and bars across the UK, within a wide variety of formats: from community and high-street pubs, through branded bars, to country inns and late-night venues.

* 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.

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

 

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