Premium Credit  (UK)

Mizzen Bondco Ltd



Status: Performing

All payments are on time


Maturity Date

01 May 2021

Next Interest Payment

01 Nov 2019

Interest Period

6 months



Banks & Financials




Moody's:  B1, Fitch:  B-

01 May 2017 at 105.25
01 May 2018 at 103.5
01 May 2019 at 101.75
01 May 2020 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

Premium Credit provides loans for individuals and companies, allowing them to spread payments for insurance and other financial products.

The group is the UK’s largest provider of insurance-premium finance with a market share of 60% and more than 2m customers.

Although the group’s main business is insurance, it has expanded into instalment plans for school fees and sports and leisure-club membership in recent years. It sells its products through about 3,000 brokers as well as insurers and Lloyd’s of London syndicates.

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.