You could lose all of your money invested in these products. These are high-risk investments and are much riskier than a savings account.
Our product is only suitable for high net worth, self-certified sophisticated, advised, investment professionals and institutional investors.

Codere Group  6.75% 01 Nov 2021

Business Description

Codere is a Spanish retail gaming operator, managing casinos, bingo halls, sports betting houses, arcades, and racetracks, in Spain, Italy, Mexico, and South America. With over 30 years experience, Codere holds leading market positions in a number of it’s geographies - notably being the largest gaming operator in Mexico and Italy, and in a number of growth markets across South America.

Codere is listed on the Madrid Stock Exchange.

Bond Information

Coupon

6.75%

Maturity Date

01 Nov 2021

Next Interest Payment

01 May 2020

Interest Period

6 months

ISIN

XS1513765922

Asset Security

Senior Secured

Amount

€500,000,000

Ratings

S&P:  B-, Moody's:  B3

Call Schedule

31 Oct 2018 at 103.375
31 Oct 2019 at 101.688
31 Oct 2020 at 100

Status

Payments on time

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Company Legal Name

CODERE FIN 2

Industry

Entertainment, Media & Broadcasting

Country of Origin

Spain

Year of Incorporation

1980

Ownership Status

Public

Capital Structure

Senior Debt 70%

Equity 30%

Cash

-1.2%

Senior Notes (combined)

6.2%

Content Liabilities

12.0%

Net Debt

17.0%

Equity

83.0%

Enterprise Value

100.0%

EDITDA

£883,000,000

Cash interest

£226,400,000

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Key Financials

Revenues

11,607

Growth %

38.1%

EDITDA

1,681

Margin %

14.5%

Cash balance

3,067

Source: Public Company Information

Reports & Information

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

Wisealph circle logo

Invest from just £100 per bond



Capital at risk. No FSCS cover. See Risk Statement and FAQs.

Capital at risk. No FSCS cover.

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are purchasing Fractional Bonds, each one backed by a specific bond. See Risk Statement.