A tasty bond maturity

04 February 2016

 

In something a little reminiscent of David Bowie and his royalty stream backed bonds, cheese maker 4 Madonne Caseificio dell’Emilia has sold €6million (AUD$9.3 million) worth of 5% January 2022 bonds which are backed by wheels of Parmesan. The company is based in Italy’s Emilia Romagna region and it is part of the wave of small Italian companies raising money under a government – backed scheme where borrowers issue bonds...

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