ASX-listed litigation funder IMF Bentham Limited has completed a A$40 million follow on bond issue as part of its ongoing capital management strategy. The issue was oversubscribed from the minimum issue size of $18 million. According to a company announcement, the 3.25 year notes will pay a fixed rate of interest of 7.40 per cent pa, paid semi-annually in arrears.  The notes are to be issued at a capital price of $101, providing a yield to maturity of 7.04 per cent. The notes will be consolidated and form a single series with the company's existing $32 million secured and issued on 8 April 2016, due 30 June 2020.