Iceland  4.625% 15 Mar 2025

Business Description

Iceland is a national UK food retailer specialising in frozen food with 852 stores in the UK. They offer their customers a range of over 2,500 food SKUs including frozen, chilled and grocery products. Their products range from everyday items such as milk, eggs and bread to an extensive range of approximately 900 frozen food SKUs covering a broad spectrum from ready meals, pizzas and party food to frozen meat, fish, poultry and vegetables.

Iceland are focused on the value-end of the retail market and trade from conveniently located stores throughout the UK. They have recently started selling a number of luxury food products through their online platform.

Bond Information

Coupon

4.625%

Maturity Date

15 Mar 2025

Next Interest Payment

15 Apr 2020

Interest Period

6 months

ISIN

XS1681806326

Asset Security

First ranking charge over company assets

Amount

£550,000,000

Ratings

S&P:  B, Moody's:  B2

Call Schedule

15 Sep 2020 at 102.315
15 Sep 2021 at 101.156
15 Sep 2022 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

Iceland Bondco plc

Industry

Retail

Country of Origin

UK

Year of Incorporation

1970

Ownership Status

Private

Capital Structure

Senior Debt 65%

Equity 35%

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

Source: Public company information

* 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: 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.

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