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Unique Pub Co. (UK)

1999

Private

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£190,000,000

Current Yield

6.5%

*
Estimated Yield to Maturity

6.5%

**
Maturity Date

30 Mar 2032

Interest Payment Frequency

3m

Next interest payment

30 Jun 2018

Asset Security

Properties valued at £1.7bn

Industry Type

Pubs and Real Estate

Next Call

-

ISIN

XS0154961188


Business Description

Unique Pubco is a portfolio of 2,194 pub properties that are run as leased and tenanted pubs. The value of the properties owned is approximately £1.7bn (valued by Colliers at Sept 2017). The company is ultimately owned by Enterprise Inns, the largest operator of pubs in the UK.

* 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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