Next, founded in 1982 and headquartered in Enderby, England, is a leading UK-based retailer known for its clothing, home goods, and financial services, primarily driven by a commitment to value and quality. The company operates over 500 stores across the UK and has a significant online presence, catering to a diverse customer base.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NXTLN 3.63% 2028-05-18 GBPNext | United Kingdom | 2028-05-18 | 3.625 | 4.54 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Next has a noteworthy history of bond issuances, entering the debt market in 2014 with its inaugural bond offering that raised £300 million. Subsequent issuances have included a £500 million bond in 2019, which was strategically used for acquisitions and operational improvements. Currently, Next's bond yields are competitive, averaging around 2.5%, which is favorable compared to its industry peers. Notably, the company's bonds carry a rating of BBB, reflecting their strong credit quality, and recent news highlighted their successful refinancing efforts, enhancing liquidity pathways amid shifting market conditions.