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Domestic & General  (UK)

Galaxy Bidco Ltd

1912

Private

Status: Performing

All payments are on time


6.5%

Maturity Date

31 Jul 2026

Next Interest Payment

28 Feb 2020

Interest Period

6 months

First ranking charge over company assets

Industry

Consumer & Food

£305,000,000

ISIN

XS2028892474

17 Jul 2022 at 103.25
17 Jul 2023 at 101.625
17 Jul 2024 at 100

* 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.

Business Description

Domestic & General is the leading specialist provider of warranties and warranty services for domestic appliances and consumer electronic products in its home UK market and a leading specialist provider in several of its international markets, with strong and growing international operations in Germany, Spain, Portugal, France, Italy and Australia.

Domestic & General was founded in 1912, initially trading as ‘The Western Australian Insurance Company’ which insured livestock during transportation. Over the 20th century, the company shifted its focus to insuring household appliances with continued growth supported by expansion into Europe.

From the early 1980s, it steadily built its position as a leading provider of insurance on domestic and electrical appliances and heating systems, gradually withdrawing from other areas of general insurance. By 1988 Domestic & General had listed on the LSE & by 1989 it had 1 million customers. Success begets success and the company expanded rapidly into germany and spain.

Fast forward to the 21st century and Domestic & General Group Limited is a private company, acquired by CVC Capital Partners on the 19th December 2013.

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).
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