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Care UK (UK)

1982

Private

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£230,000,000

Current Yield

5.6%

*
Estimated Yield to Maturity

5.8%

**
Maturity Date

15 Jul 2019

Interest Payment Frequency

3m

Next interest payment

15 Jan 2019

Asset Security

First ranking charge over company assets

Industry Type

Healthcare

Next Call

Callable at any time

ISIN

XS1084818464


Business Description

We are the UK's largest independent provider of health and social care services, operating more than 300 facilities across the United Kingdom. We’re continuing to grow and invest in our diverse range of services so that we’re able to support more commissioners, communities, individuals and families. Our healthcare teams run treatment centres, GP services, diagnostics, prison health services and out of hours support (including many 111 services). We take an innovative and far-reaching approach to delivering services at the times and in the locations that best suit our patients. Our residential care services teams provide a wide range of care services for more than 7,000 older residents in more than 110 care homes around the country. Everything we do focuses on enabling residents to get the most out of every day by giving them expert tailored care, by supporting them to stay active, and by creating comfortable home environments for them to live in.

* 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.

 

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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