Travelex  (UK)

Travelex Financing plc

1976

Private

Status: Performing

All payments are on time


8.0%

Maturity Date

15 May 2022

Next Interest Payment

15 Nov 2019

Interest Period

6 months

Senior Secured

Industry

Banks & Financials

€390,000,000

ISIN

XS1577963306

S&P:  B-, Moody's:  B3

15 May 2020 at 104
15 May 2021 at 102
15 Nov 2022 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

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.

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.