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Punch Taverns (UK)

1997

Private

Status: Performing

All payments are on time

All covenants met

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Coupon

7.75%

Current Yield

7.6%

*
Estimated Yield to Maturity

7.3%

**
Maturity Date

30 Dec 2025

Next interest payment

30 Sep 2018

Interest Payment Frequency

6m

Next Call

Callable at any time

Asset Security

Unsecured

Industry

Property

Amount

£72,911,000

ISIN

XS1114385955

Business Description

Punch Taverns is a UK pub and bar operator with a diverse range of 1,300 high quality pub businesses. It was listed on the London Stock Exchange as a constituent of the FTSE SmallCap Index until its sale in 2016 to Patron Capital.

December 2016 Punch Taverns accepted a takeover bid of £403m with 1,900 pubs being sold to Heineken International for £305m and the remaining 1,300 pubs, as well as the company's liabilities, being taken over by Patron Capital.

* 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.

 

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