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.

More in Herald Business Journal

Exec director of Future of Flight in Mukilteo stepping down

A former board president will temporarily lead Snohomish County’s most popular tourism attraction.

Seafood producer Keyport moves corporate HQ to Edmonds

The family business sees the city as business friendly — and able to accommodate expansion.

Peoples, HomeStreet banks bump lowest salaries after tax cut

The banks with Snohomish County branches will raise minimum salaries for employees to $15 an hour.

Amazon opens store with no cashiers, lines or registers

The Seattle store allows shoppers to use a smartphone app to pay for items they want.

Trump hits solar panels, washing machines with tariffs

The administration cast the decisions as part of his pledge to put American companies and jobs first.

Electroimpact cuts Mukilteo staff by 9 percent

“What we’re missing now is a monster anchor project,” the company’s VP said.

Exotic animals find compassionate care in Bothell (video)

At the Center for Bird and Exotic Animal Medicine, vets treat snakes, hedgehogs and even kangaroos.

Top CEOs take 4 days to earn a Bangladesh worker’s life pay

Oxfam has sought to put inequality at the heart of this week’s deliberations of the rich and powerful.

Most Read