Burgundy plc is financed through bonds and ordinary shares. The bonds were issued five years ago at par value of £100 (total funds raised £5m). They carry an annual coupon of 10%, are due to be redeem
Burgundy plc is financed through bonds and ordinary shares. The bonds were issued five years ago at par value of £100 (total funds raised £5m). They carry an annual coupon of 10%, are due to be redeemed in four years and are currently trading at £105. The company’s shares have a market value of £4m, […]