Business
Launch of Bond Issue
Launch of Bond Issue.
About this update from Burford Capital Limited
[{"type":"text","content":"\n \nRNS Number : 8912M Burford Capital 21 July 2014 \n\nBurford\n21 July 2014\nThe information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document. The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, the Bailiwick of Guernsey and the Isle of Man in accordance with the applicable regulatory requirements.\n \nBURFORD CAPITAL PLC LAUNCHES 6.50% STERLING GUARANTEED BONDS DUE 2022\n \nBurford Capital Limited (\"Burford\"), announces that Burford Capital PLC (the \"Issuer\"), which is a wholly-owned indirect subsidiary of Burford, has today launched an offer of 6.50% sterling bonds due 2022 (the \"Bonds\") which will be guaranteed by Burford. \n \nThe Bonds will pay a fixed rate of interest of 6.50% per annum. Interest will be payable twice yearly on 19 February and 19 August in each year, with the first coupon payment being made on 19 February 2015. The Bonds will mature on 19 August 2022. The Bonds have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter.\n \nAt any time during the life of the Bonds, investors are permitted to sell the Bonds (within market hours and in normal market conditions) on the open market through their stockbroker.\n \nThe Bonds are expected to be listed on the Official List of the UK Listing Authority and admitted to trading on the regulated market of the London Stock Exchange. The Bonds are also expected to be eligible for the London Stock Exchange's electronic Order Book for Retail Bonds.\n \n \nFor further information, please contact:\n \nFTI Consulting - PR for Burford Capital\nEdward Berry +44 (0)20 3727 1046\nLaura Ewart +44 (0)20 3727 1160\n \nCanaccord Genuity - Lead Manager on the Issue\nAdrian Bell +44 (0) 20 7523 8017\nHenrietta Podd +44 (0)20 7523 8020\n \n \nNotes to Editors:\n \n \nABOUT THE BONDS\n\n1. The Bonds may not be suitable for all investors. Investors should ensure that they fully understand the risks and seek independent advice.\n \n2. Investors should note that the market price of the Bonds can rise and ...