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Miller Homes  (UK)

1934

Private

Status: Performing

All payments are on time


Coupon Explainer

5.5%

Current Yield Explainer

5.4%

*
Yield to Maturity Explainer

5.0%

*
Maturity Date

15 Oct 2024

Next Interest Payment

15 Oct 2019

Interest Period

6 months

Asset Security

First ranking charge over company assets

Industry

Housebuilders & Construction

Amount

£250,000,000

ISIN

XS1689521125

Ratings

S&P:  BB-, Fitch:  BB

Call Schedule

15 Oct 2020 at 102.75
15 Oct 2021 at 101.375
15 Oct 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

Established in 1934 and the largest privately-owned housebuilder in the UK, Miller Homes has a strong regional footprint through three divisions (Midlands & South, North, and Scotland) and a reputation for delivering quality, family homes in desirable and high demand locations.

The company focuses on sustainable developments on the edge of urban or suburban areas, typically within 45 minutes of the nearest largest town or city and is recognised for providing outstanding levels of customer service. In 2016, the company completed a total of 2,380 homes.

For the six months ended 30 June 2018, the company reported a 11% increase in operating profit to £70.5m (H1 2017: £63.5m).

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).
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