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Shop Direct  (UK)

2005

Private

Status: Performing

All payments are on time

BACK TO MARKET


Coupon

7.75%

Current Yield

8.6%

*
Estimated Yield to Maturity

11.0%

**
Maturity Date

15 Nov 2022

Next Interest Payment

15 May 2019

Interest Payment Frequency

6 months

Asset Security

First Ranking charge over company assets

Industry

Retail

Amount

£550,000,000

ISIN

XS1709298969

Ratings

Moody's  B2, Fitch  B

Call Schedule

15 Nov 2019 at 103.875
15 Nov 2020 at 101.938
15 Nov 2021 at 100


Business Description

With annual sales of £1.9bn, Shop Direct is the UK’s second largest pureplay digital retailer. Their digital department stores Very.co.uk, VeryExclusive.co.uk, Littlewoods.com and LittlewoodsIreland.ie sell over 1,300 famous brands and receive over 1.2 million website visits a day, with 62% of online sales completed on mobile devices.

With their department store range of famous brands, market-leading eCommerce and technology capabilities and unique financial services products offering flexible ways to pay, we make good things easily accessible to more people.

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”, which corresponds and is backed by a specific loan or bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK.
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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