Ocado  (UK)

Ocado Group plc

2000

Public

Status: Performing

All payments are on time

Coupon

4.0%

Current Yield

3.8%

*
Yield to Maturity

3.1%

*
Maturity Date

15 Jun 2024

Next Interest Payment

15 Dec 2019

Interest Period

6 months

Asset Security

First ranking charge over company assets

Industry

Technology

Amount

£250,000,000

ISIN

XS1634001892

Ratings

Moody's:  Ba3, Fitch:  BB

Call Schedule

15 Jun 2020 at 102
15 Jun 2021 at 101
15 Jun 2022 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

Ocado is the world’s largest dedicated online grocery retailer with over 580,000 active customers.

Headquartered in Hatfield, U.K., and founded in 2000, Ocado has been listed on the London Stock Exchange since July 2010 and is a member of the FTSE 100 index with a market capitalisation of £5.9 billion as of 1 November 2018.

Ocado's objective is to provide, at a low operating cost, their customers with the best proposition in online grocery shopping. They have developed a unique end-to-end operating solution for online grocery retail based on proprietary technology and IP, suitable for operating their own business and those of their commercial partners which include Morrisons (UK), ICA (Sweden), Groupe Casino (France), Sobeys (Canada) and Kroger (US).

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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.