Burford raised £100 million in its second bond issue on 19 April. Burford’s retail bond issue was oversubscribed and the Company raised £10 million more than its first bond that was issued in August 2014. After the issue Burford’s gross debt will be $274m (£190m) and gross assets (based on 2015 results) are approximately $740m. The net effect of post year end events ($100m investment plus bond issue) is to raise uncommitted capital by $44m. With Burford also inve
26 Apr 2016
Retail bond issue oversubscribed
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Retail bond issue oversubscribed
Burford Capital Limited (BUR:LON) | 1,210 -205.7 (-1.4%) | Mkt Cap: 2,652m
- Published:
26 Apr 2016 -
Author:
Brian Moretta -
Pages:
2
Burford raised £100 million in its second bond issue on 19 April. Burford’s retail bond issue was oversubscribed and the Company raised £10 million more than its first bond that was issued in August 2014. After the issue Burford’s gross debt will be $274m (£190m) and gross assets (based on 2015 results) are approximately $740m. The net effect of post year end events ($100m investment plus bond issue) is to raise uncommitted capital by $44m. With Burford also inve