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Virgin Money (UK)

1995

Public

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£230,000,000

Current Yield

8.2%

*
Estimated Yield to Maturity

6.6%

**
Maturity Date

Perpetual
(Expected 10 Nov 2021)

Interest Payment Frequency

6m

Next interest payment

10 Nov 2018

Asset Security

Unsecured, guarantees from parent

Industry Type

Banking and Financial Services

Next Call

10 November 2021 @100

ISIN

XS1516312409


Business Description

Virgin Money plc is a UK-based bank and financial services company owned by the Virgin Group and founded by Sir Richard Branson in March 1995. Virgin Money became a retail bank in 2009. The holding company for Virgin Money, Virgin Money Holdings (UK) plc, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

* 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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