Get your guide to wealth building with WiseAlpha here.DOWNLOAD NOW
Great choice! If it gets to much you can always change your mind by going to your preferences and unsubscribing.
We're sorry to see you go. You can always change your mind by going to your preferences and re-subscribing.
All payments are on time
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.
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.