Debt investors
Bond issues
Provident Financial plc currently has three public bonds in issue as follows:
| Amount | Outstanding | Coupon | Issue date | Maturity date | ISIN | Seniority | Rating (Fitch Ratings) |
|---|---|---|---|---|---|---|---|
| £250m | £250m | 8.00% | 23 October 2009 | 23 October 2019 | XS0459028626 | Senior | BBB (stable outlook) |
| £25m | £25m | 7.00% | 14 April 2010 | 14 April 2020 | XS0496412064 | Senior | N/A |
| £100m | £6m1 | 5.594%2 | 15 June 2005 | 15 June 2015 | XS0220965759 | Subordinated | BBB- (stable outlook) |
- On 23 October 2009, Provident Financial Investments Limited, a wholly owned subsidiary of Provident Financial plc acquired £94,021,000 of these bonds through a tender auction process. The remaining £5,979,000 remains in public ownership.
- The coupon on these bonds reset to the prevailing five year gilt plus 325bp on 15 June 2010.
Credit rating
Provident Financial has an issuer default rating of BBB from Fitch Ratings Limited with a stable outlook.
Documents
2009 Annual report
Offering Circular
Committed facility maturity profile
Contractual availability of debt facilities - June 2010
Public bonds
Syndicated & bilateral bank facilities
Private placements
Contacts
Phil Shepherd
Group Treasurer
Phil.Shepherd@providentfinancial.com
01274 377930