Bond issue raises £100m law firm finance business as global demand for its services increase
Burford Capital Limited has raised a further £100m through an oversubscribed issue of bonds on the London Stock Exchange.
Combined with Burford's prior investment commitments, this new capital will take the finance firm's cumulative litigation finance investment commitments to approximately US$1bn.
The bonds will pay interest at an annual rate of 6.125 per cent and mature on 26 October 2024.
Burford's diversified portfolio contains more than 500 individual litigation matters underlying its investments.
While a third of the total current portfolio consists of single-case inves...
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