News Column

Burford Capital Closes Bond Offer Early After Raising GBP90.0 Million

July 29, 2014

Samuel Agini

LONDON (Alliance News) - Burford Capital PLC Tuesday said that it has closed the offer period for its retail bond two weeks early, having raised GBP90.0 million, with the net proceeds to go towards the growth of its litigation finance business.

Burford said it expects to pay an estimated GBP1.1 million to the offer's lead manager, Canaccord Genuity, leaving GBP88.9 million in net proceeds.

The closing of the offer comes little over a week from when Burford launched the offer of 6.50% sterling bonds due in 2022.

Burford shares were Tuesday down 0.2% at 119.75 pence.

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Source: Alliance News

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