NewDay  (UK)

Nemean Bondco plc



Status: Performing

All payments are on time


Maturity Date

01 Feb 2023

Next Interest Payment

01 Nov 2019

Interest Period

3 months

First ranking charge over company assets


Banks & Financials




S&P:  B, Moody's:  B1

01 Feb 2018 at 101
01 Feb 2019 at 100

Coupon Type

Floating Rate over 3m £ Libor

* 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

NewDay is a leading UK consumer finance provider, specializing in the near-prime and co-brands sectors of the UK credit card market.

New Day has two primary businesses, each of which focuses on specialist credit offerings within a different sector of the consumer credit market.

  1. Own-Brands: New Day provides credit cards designed to meet the needs of customers in the near-prime sector of the UK credit card market. New Day have issued credit cards in the Own-Brands business since 2002 and currently offer products under our aqua and marbles brands
  2. Co-Brands: In the Co-Brands business, which they acquired from Santander UK in May 2013, New Day partner with well-known retail and consumer brands including Debenhams, House of Fraser, Laura Ashley and the Arcadia Group (namely, Topshop, Topman, Dorothy Perkins, Miss Selfridges, Wallis, Burton, Outfit and Evans) to provide co-branded credit cards and store cards to their partners’ customers. Based on the observed credit performance of the overall portfolio, they classify the Co-Brands portfolio as a prime portfolio. As of September 30, 2016, the Co-Brands business represented 38.8% of our gross receivables.

New Day have recently partnered with the travel and tourism company, TUI, to launch the Thomson Credit Card and the online retailer, Amazon, to launch the Amazon Platinum Mastercard.

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.