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Oak North Bank  (UK)

OakNorth Bank plc

2013

Private

Status: Performing

All payments are on time


7.75%

Maturity Date

01 Jun 2028

Next Interest Payment

01 Dec 2019

Interest Period

6 months

Unsecured

Industry

Banks & Financials

£50,000,000

ISIN

XS1713463047

01 Jun 2023 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

Oak North Bank is a leading digital Challenger bank in the UK market. OakNorth secured a full banking licence in March 2015 and began deposit taking and lending six months later. The company achieved full year profitability of £9.5 million in 2017 OakNorth operates in the following two key lending segments: - Business Lending: which is primarily cash-flow based lending to companies that have funding requirements, including (but not limited to) growth, working capital and acquisitions. Many of these loans also benefit from additional tangible collateral such as fixed assets, debtors or stock; and - Property Finance: which includes the financing of new developments and refurbishments as well as medium-term property investment funding.

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.

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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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