Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Yep. It's about David Bowie. In 1997, David Bowie—the rock star legend—created a new kind of bond to buy older recordings of his music. These bonds are backed by the revenues from Bowie's music. So if you owe Bowie bonds and your Uncle Harry is a big fan who's still buying CDs, more power to ya. The bonds were only for $55 million (that's not much by celeb standards)...but it's David Bowie. He wore those pants in Labyrinth, married Iman, and issued bonds.
Is there anything this man can't do?