Burford has announced and issued its second retail bond issue. Since 2009 it has quickly, but carefully, grown its book of litigation funding investments. With its 2015 full year results it announced a $100m investment with a major law firm. This is a step up in its investments, taking invested capital from 54% of equity a year ago to 77% now. While very positive for the company, this reduces the cash available on its balance sheet. Though Burford has adequate cash to fulfil its existing comm
03 May 2016
Retail Bond Review No. 12- Feature Article: New Burford Retail Bond
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Retail Bond Review No. 12- Feature Article: New Burford Retail Bond
Burford Capital Limited (BUR:LON) | 1,120 -67.2 (-0.5%) | Mkt Cap: 2,455m
- Published:
03 May 2016 -
Author:
Brian Moretta -
Pages:
26
Burford has announced and issued its second retail bond issue. Since 2009 it has quickly, but carefully, grown its book of litigation funding investments. With its 2015 full year results it announced a $100m investment with a major law firm. This is a step up in its investments, taking invested capital from 54% of equity a year ago to 77% now. While very positive for the company, this reduces the cash available on its balance sheet. Though Burford has adequate cash to fulfil its existing comm