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Voyage Care  (UK)

Voyage Care Bondco plc

None

Private

Status: Performing

All payments are on time


5.875%

Maturity Date

01 May 2023

Next Interest Payment

01 Nov 2019

Interest Period

6 months

First ranking charge over company assets

Industry

Healthcare

£215,000,000

ISIN

XS1533911142

S&P:  B+, Moody's:  B2

01 May 2019 at 102.938
01 May 2020 at 101.469
01 May 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

Voyage Care are the leading provider of care services for adults with learning disabilities and other related complex and challenging support needs across the UK, measured in terms of beds. The vast majority of people they support have life-long conditions and high acuity needs, which have been assessed as either ‘‘critical’’ or ‘‘substantial’’ by Local Authorities and PCTs and therefore require ongoing care services to help them look after themselves. The non-discretionary nature of such high acuity, long-term conditions, combined with the long average length of stay, provides them with visibility of expected occupancy levels and provides a degree of resilience to government spending pressures.

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.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK. It arranges and promotes the Notes issued by WiseAlpha Limited (BVI) and from time to time other WiseAlpha Product Issuers. Only WiseAlpha Technologies is regulated for the associated activities it conducts.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
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