Debt Investors

Investment Scams

We have become aware of some potential investors who have been contacted by fraudsters, claiming to sell John Lewis bonds. 

Investors are cautioned to be very wary of any unsolicited advice or offers to acquire bonds of John Lewis plc. If you receive any unsolicited advice or offers:

  • Make sure you get the correct name of the person and organisation and make a record of any other information they give you (e.g. telephone number, address etc)
  • Check the FCA website which lists steps you can take to protect yourself, and how to spot and avoid scams from unauthorised firms:
  • Inform the FCA on their Customer Helpline on 0800 111 6768


John Lewis plc has two bonds currently in issue, details of these bonds are listed below.


Issuing Company Issued Date Maturity Date Issued Amount Coupon Minimum Denominations Listed ISIN
John Lewis Plc July 2010 January 2025 £300m 6.125% £50,000 London Stock Exchange XS0527985583
John Lewis Plc December 2014 December 2034 £300m 4.250% £100,000 London Stock Exchange XS1140961563

The principal financial risks that we are exposed to relate to the capital structure and long term funding of the Partnership and also to the markets and counterparties we are exposed to in our operations. They can be summarised as:

  • Pension risk
  • Capital and long term funding risk
  • Liquidity risk
  • Interest rate risk
  • Foreign currency risk

If you have further queries, please email the investor relations team on

1 The Partnership’s borrowings and overdrafts, finance lease liabilities and derivative financial instruments, IAS 19 pension deficit net of deferred tax, and the present value of future rentals payable under operating leases calculated using a 5% discount rate, less any liquid cash, short-term deposits and investments.

2 Operating profit before Partnership Bonus, exceptional items, depreciation, amortisation and average one year lease payments, but after lease adjusted interest and tax.

3 Items of income and/or expense which are significant by virtue of their size and nature are presented as exceptional items. The separate reporting of exceptional items helps to provide an indication of the Partnership’s underlying business performance.

4 These are Partner benefits which are higher than those typically paid by our competitors, as a result of the Partnership model. Above market rewards principally includes pensions, long leave, Partner discount and costs of our democracy.