Seeking Alpha

Burrito Bond finds strong demand

  • The quest for yield reaches a new level with London fast food outlet Chilango finding fast demand for its Burrito Bonds, which offer those who invest £10K a free burrito weekly for the life of the debt.
  • The company is trying to raise £1M for expansion and hit 32% of its target goal two days after the bond opened. Other than the free lunch, the four-year paper has an 8% coupon.
  • ETFs: AGG, BOND, BND, SCHZ, LAG, SAGG, DI, GBF, LDUR, FWDB
Comments (1)
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Now THIS is a bubble sign if I've ever seen one.
    12 Jun, 11:11 AM Reply Like
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