Funny: Burrito bonds, meteor bonds: 8 crazy bond issues

If you think bonds are boring, you’re looking in the wrong place.

Funny: Burrito bonds, meteor bonds: 8 crazy bond issues MW-CI206_russia_20140616181327_MG

Funny: Burrito bonds, meteor bonds: 8 crazy bond issues MW-CI206_russia_20140616181327_MG

The debt capital markets are made up of all sorts of offbeat, unlikely, and downright strange offerings, many with entertaining stories behind them.

Perhaps that’s why news last week that a Tex-Mex restaurant chain was selling so-called burrito bonds to finance its expansion captured so much attention, and so many smirks.

With investors’ insatiable hunger for yield, even celebrities and homeless shelters have been able to tap into the bond markets for money, although with variable degrees of success.

Here are eight debt securities that capture the imagination — including a bond that bets against another meteor strike, like the one shown at left that hit Russia last year.

http://www.marketwatch.com/story/burrito-bonds-meteor-bonds-8-crazy-bond-issues-2014-06-17

Funny: Burrito bonds, meteor bonds: 8 crazy bond issues

Funny: Burrito bonds, meteor bonds: 8 crazy bond issues

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