Together  (UK)

Bracken Midco1 plc

1974

Private

Status: Performing

All payments are on time


8.875%

Maturity Date

15 Oct 2023

Next Interest Payment

15 Apr 2020

Interest Period

6 months

Unsecured

Industry

Banks & Financials

£350,000,000

ISIN

XS1882541953

S&P:  B+, Fitch:  B

15 Oct 2020 at 104
15 Oct 2021 at 102
15 Oct 2022 at 100

Coupon Type

Payment-In-Kind Toggle, 8.875% Cash or 10.375% PIK

* 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

Established in 1974 Together is a specialist lender to niche markets offering short-term finance, auction finance, residential, buy-to-let and commercial mortgages, and secured loans.

Together has grown every year for 45 years to become one of the most profitable and financially stable businesses in the North West.The company has more than 500 employees and a loan book topping £3.2 billion.

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.