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Burford Capital Limited >
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Retail bond issue

  • 30 Mar 2016

Retail bond issue


Burford Capital Limited (BUR:LON) | 645 32.3 0.8% | Mkt Cap: 1,413m


  • Hardman & Co
    • Brian Moretta

    • 15 pages

Banks image



 
Banks image



Burford has announced 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 commitments, it still has plenty of new opportunities too and raising money to address those makes issuing the bond a sensible step.


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Retail bond issue


Burford Capital Limited (BUR:LON) | 645 32.3 0.8% | Mkt Cap: 1,413m


  • Published: 30 Mar 2016
  • Author: Brian Moretta
  • Pages: 15
  • Hardman & Co


Burford has announced 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 commitments, it still has plenty of new opportunities too and raising money to address those makes issuing the bond a sensible step.



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