Pension Insurance Corporation  8.0% 23 Nov 2026

Business Description

The 'Pension Insurance Corporation' is a UK based specialist insurance company, focused on securing the risks associated with defined benefit pension funds in the UK.

As of 2018, the company had £31.4bn of financial investments and insured 192,100 pension fund members across 180+ pension funds. The Abu Dhabi Investment Authority (“ADIA”), which manages as much as $875 billion, recently took a 21% stake in the company.

Bond Information

Coupon

8.0%

Maturity Date

23 Nov 2026

Next Interest Payment

23 Nov 2020

Interest Period

12 months

ISIN

XS1523966197

Asset Security

Unsecured

Amount

£350,000,000

Ratings

Fitch:  BBB+

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

Industry

Banks & Financials

Country of Origin

UK

Year of Incorporation

2006

Ownership Status

Private

Capital Structure

Senior Debt 18%

Junior Debt 37%

Equity 45%

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. PBIT used for calculations is last 12 months.

* 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: Public 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.

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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