Travelex is the world's leading foreign exchange specialist. The Group’s business is active across the entire value chain of the retail foreign exchange industry and its retail operations are all across the world. Over 30 million retail customers use Travelex every year. Its activities include the operation of retail foreign exchange stores, ATMs and online and mobile platforms for its retail customers; the preparation, processing and delivery of foreign currency orders for the Group’s partner customers; and the sourcing and distribution of large quantities of foreign currency banknotes for customers including from central banks and international financial institutions.
* 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.
Completion of debt restructuring
Proposed Restructuring
Travelex announced a forbearance in relation to the non-payment of the interest coupon due on 15 May 2020 that will last until expiry of the agreement on 2 July 2020.
Travelex updated stakeholders that it no longer intends to pay the upcoming coupon payment due on 15 May 2020 in respect of the Senior Secured Notes.
Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are purchasing Fractional Bonds, each one backed by a specific bond. See Risk Statement.
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