RAC  (UK)

RAC Bond Co plc

1897

Private

Status: Performing

All payments are on time


5.0%

Maturity Date

06 Nov 2022

Next Interest Payment

06 Nov 2019

Interest Period

6 months

Whole Business Securitisation

Industry

Services

£275,000,000

ISIN

XS1645523579

S&P:  B

14 Jul 2019 at 102.5
14 Jul 2020 at 101.25
14 Jul 2021 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

The RAC is headquartered in Birmingham with approximately 4,000 dedicated staff operating from four bases throughout the UK and provides motor-related services to both consumers and corporate clients. They have over 8.6 million members. The RAC offers vehicle and breakdown services through a nationwide, branded patrol force, focusing primarily on vehicle repair and recovery. They boast the world's most advanced computer systems to deal with roadside assistance calls.

In 2016, the RAC's patrol force attended to 2.4 million rescue breakdowns. In addition, the RAC provides motor insurance broking services and offers a suite of legal and motor claims services, which provide both consumers and corporate customers with legal cover and advice as well as a range of claims management services.

RAC additional image

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.