Burford aims for £50m-£75m with retail bond

By Richard Metcalf
23 Jul 2014

Burford Capital, an investment firm that finances litigation, opened the book for a new retail bond offering on Monday afternoon with a 6.5% coupon and a tenor of eight years.

Burford is seeking to raise at least £50m from the listed issue. "The benchmark for a retail-eligible issue is no less than £50m, and we're indicating £50m-£75m but that's not a hard and fast number," said Henrietta Podd, head of debt advice and origination at Canaccord Genuity, the ...

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