BIG TICKET GIVEAWAY

Win 2 tickets to every event for a year! Click here to enter.

Present by The Daily Herald
The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up | Manage  Green editions icon Green editions

Calendar


Weekly business news
HeraldNet Newsletter Delivered to your inbox each week.
Published: Friday, June 13, 2014, 12:01 a.m.

British bonds come with free burritos

Would you like to buy a Burrito Bond? Chilango, a fast-food Mexican chain in London, is selling a so-called “Burrito Bond” that has an 8-percent coupon over a four-year term. For investors that put in 10,000 pounds (about $16,800) or more, the bond also pays out a free burrito every week during its lifetime. The 33-page prospectus for Burrito Bonds did not specify whether the free burrito also includes guacamole.
Believe it or not, Burrito Bonds are more than a PR stunt. Chilango aims to raise £1 million to expand from sales of the bonds over the next two months but could service up to £3 million of bonds if the deal proves popular. The chain had reached 37 percent of its initial goal by Thursday, just two days after the bond debuted. Investors must put in a minimum of £500 and coupons will be paid semi-annually, but unless you shell out the £10,000 you'll only get two measly vouchers for free burritos.
Story tags » Stock Market

Related

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus

HeraldNet highlights

This is arena food?
This is arena food?: Xfinity rolls out shiny new menu for Tips games, other events
Big-top dreams
Big-top dreams: Young ringmaster followed his heart to the circus tent
'Maze Runner' gets lost
'Maze Runner' gets lost: Film has its moments, but seems overly familiar
All the right notes
All the right notes: 5th Avenue Theatre's 'A Chorus Line' feels fresh