REG - Burford Capital PLCBurford Capital - Launch of Bond Issue <Origin Href="QuoteRef">BURF.L</Origin>

Burford CapitalAnnouncement

06/09/2014 18:39

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RNS Number : 8886M
Burford Capital PLC
21 July 2014 
 
Burford 
 
21 July 2014 
 
The 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. 
 
BURFORD CAPITAL PLC LAUNCHES 6.50% STERLING GUARANTEED BONDS DUE 2022 
 
Burford 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. 
 
The 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. 
 
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. 
 
For further information, please contact: 
 
FTI Consulting - PR for Burford Capital 
 
Edward Berry +44 (0)20 3727 1046 
 
Laura Ewart +44 (0)20 3727 1160 
 
Canaccord Genuity - Lead Manager on the Issue 
 
Adrian Bell +44 (0) 20 7523 8017 
 
Henrietta Podd +44 (0)20 7523 8020 
 
Notes to Editors: 
 
ABOUT THE BONDS 
 
1. The Bonds may not be suitable for all investors. Investors should ensure
that they fully understand the risks and seek independent advice. 
 
2. Investors should note that the market price of the Bonds can rise and fall
during the life of the investment and that the price of Bonds could fall below
the issue price. 
 
3. In the event that a member of Burford defaults, becomes insolvent or goes
out of business, investors may lose some or all of their investment. 
 
IMPORTANT INFORMATION 
 
This announcement is an advertisement and is not a prospectus for the purposes
of EU Directive 2003/71/EC, as amended, and/or Part VI of the Financial
Services and Markets Act 2000 (the "FSMA"). The Prospectus (as defined below)
has been prepared and made available to the public as required by Part VI of
the FSMA. Investors should not subscribe for any Bonds referred to in this
announcement except on the basis of information in the Prospectus. 
 
The offering and the distribution of this announcement and other information
in connection with any offer in certain jurisdictions may be restricted by law
and persons who come into possession of this announcement or any document or
other information referred to herein should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities law of any jurisdiction. 
 
This announcement does not constitute or form part of any offer or invitation
to sell, or any solicitation of any offer to purchase. Any purchase of Bonds
pursuant to any offer should only be made on the basis of the information
contained in the prospectus dated 21 July 2014 relating to the Bonds which
contains important risk factors and which can be obtained at Burford's website
(www.burfordcapital.com/investor-relations/bonds) and the London Stock
Exchange plc's website (www.londonstockexchange.com/newissues). 
 
The Bonds have not been and will not be registered under the U.S. Securities
Act of 1933, as amended, (the "Securities Act"). Subject to certain
exceptions, the Bonds may not be offered, sold or delivered within the United
States or to, or for the account or benefit of U.S. persons. The Bonds are
being offered and sold outside of the United States in reliance on Regulation
S of the Securities Act. There will be no public offering in the United
States. 
 
This information is provided by RNS
The company news service from the London Stock Exchange