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Arrow  (UK)

2005

Public

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET

Coupon

5.125%

Current Yield

5.5%

*
Estimated Yield to Maturity

6.5%

**
Maturity Date

15 Sep 2024

Next interest payment

15 Sep 2018

Interest Payment Frequency

6m

Next Call

15 September 2019 at 102.563
15 September 2020 at 101.281
15 September 2021 at 100

Asset Security

First ranking charge over company assets

Industry

Banks & Financials

Amount

£320,000,000

ISIN

XS1486544254

Business Description

Arrow Global Group is a credit management services provider business that uses proprietary data and analytics capabilities to acquire and manage debt portfolios from banks, credit card companies and telecommunications businesses. It is listed on the London Stock Exchange and purchases secured and unsecured non-performing debt portfolios consisting of both consumer and SME accounts from across the UK and mainland Europe.

Arrow Global generates value in their business in two ways:

  • By buying debt at a discount from face value and using their expertise to help establish affordable repayment plans and settlements with customers. Arrow Global expects to collect approximately twice their investment over a period of 10 years.
  • By advising and managing debt portfolios on behalf of others and charging a fee for this service.

* 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.

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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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