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Oak North Bank  (UK)

2013

Private

Status: Performing

All payments are on time

BACK TO MARKET


Coupon

7.75%

Current Yield

7.8%

*
Estimated Yield to Maturity

7.8%

**
Maturity Date

01 Jun 2028

Next Interest Payment

01 Jun 2019

Interest Payment Frequency

6 months

Asset Security

Unsecured

Industry

Banks & Financials

Amount

£50,000,000

ISIN

XS1713463047

Call Schedule

01 Jun 2023 at 100


Business Description

Oak North Bank is a leading digital Challenger bank in the UK market. OakNorth secured a full banking licence in March 2015 and began deposit taking and lending six months later. The company achieved full year profitability of £9.5 million in 2017 OakNorth operates in the following two key lending segments: - Business Lending: which is primarily cash-flow based lending to companies that have funding requirements, including (but not limited to) growth, working capital and acquisitions. Many of these loans also benefit from additional tangible collateral such as fixed assets, debtors or stock; and - Property Finance: which includes the financing of new developments and refurbishments as well as medium-term property investment funding.

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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