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Burford launches 6.125 per cent guaranteed sterling retail bonds due 2024


Burford Capital PLC, a wholly owned indirect subsidiary of Burford Capital Limited has launched an offer of 6.125 per cent sterling retail bonds due 26 October 2024, which will be guaranteed by Burford. 

The Bonds will pay a fixed rate of interest of 6.125 per cent per annum. Interest will be payable semi-annually in arrear in equal instalments.
The Bonds have a minimum initial subscription amount of GBP2,000 and are available in multiples of GBP100 thereafter.
At 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.
The 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.
Canaccord Genuity Limited and Peel Hunt LLP are acting as Joint Lead Managers on this issue.
The offer period is now open and is expected to close at 12pm (London time) on 19 April 2016. The Joint Lead Managers retain the right to close the offer early, in conjunction with Burford.

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