X

Supercharge your investing

Investor Guide Icon

Punch Taverns  (UK)

1997

Private

Status: Performing

All payments are on time


Coupon

7.75%

Current Yield

7.8%

*
Estimated Yield to Maturity

7.8%

**
Maturity Date

30 Dec 2025

Next Interest Payment

30 Jun 2019

Interest Payment Frequency

3 months

Asset Security

Unsecured

Industry

Property

Amount

£72,911,000

ISIN

XS1114385955

Call Schedule

Callable any time


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.

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” (fractions of corporate bonds). Each Note is backed by a specific bond.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK. It arranges and promotes the Notes issued by WiseAlpha Limited (BVI) and from time to time other WiseAlpha Product Issuers. Only WiseAlpha Technologies is regulated for the associated activities it conducts.
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).
© wisealpha.com. All rights reserved