Chilango

Burrito Bond chain Chilango will go into administration

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Burrito Bond bust: Troubled chain Chilango will go into administration and put itself up for sale meaning investors could be left with nothing Chilango told investors on Tuesday the coronavirus had devastated its business It claims it was on course for profit after a January restructuring  It leaves hundreds of Burrito Bond investors owed 8% … Read more

Chilango ‘burrito bond’ holders cash out £48,000 investments for £4,800

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Some Chilango burrito bond holders cash out their holdings as they opt for a 90% write-off on nearly £48,000 of investments Nearly 800 people collectively invested £3.7m in Chilango’s mini-bonds The firm was in financial trouble and proposed a restructuring The measure offered investors the choice of cashing out 10p in the £1 14 bondholders … Read more