No. of Recommendations: 1
from the WSJ, August 8, page C4,

Sesac, Inc. offerring 300 million thru Goldman of 5 year bonds, expected yield 5 1/4%..."backed by the cut it recieves as middleman between music companies and songwriters and the outlets that broadcast their music."

Sesac has exclusive rights to the public broadcast or performance of the music of Bob Dylan and Neil Diamond, among others.

The bondholders will be the ones singing "Sweet Adeline" the loudest at Fenway Park in Boston...and probably other ball parks also.

The article mentions a few other issues offerred this year backed by unusual types of collateral.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.