Esoteric

The notes are backed by a revolving pool of short-term receivables generated from the sale of crude oil, oil products, non-ferrous metals, non-ferrous metal concentrates, iron ore, coal and refined metals.

Shipping companies need more units to meet a rise in global trade, and they’re not in a position to add to their own fleets.

The bonds are backed by contract payments on customer cellphones, a new asset class that has proven popular because of its high payment priority and potential for sizable issuance.

On Tuesday, state legislators voted to override Gov. Sam Brownback’s veto of a bill that would raise state income taxes, effectively killing a plan to reduce the budget gap by securitizing tobacco settlement payments.

The director of the Hawaii Green Infrastructure Authority is trying to put its bond money to work.

The $319 million transaction is the fifth so far this year as an increase in international trade boosts demand and the cost of manufacturing new containers rises.

Investors are lining up to buy bonds backed by the franchise fees of fast food chains, providing attractive financing for their private equity backers.

Domino’s Pizza, the restaurant and delivery chain owned by Bain Capital, is marketing $2.075 billion of notes backed by the fees and payments from its network 14,000 franchised stores.

Center Parcs Group, a company that operates short-break vacation sites across England, plans to sell £830 million (US$1.06 billion) in bonds backed by its operational cash flow.