On 6 Feb 97 at 14:34, Doug Henwood wrote: > How about that David Bowie issuing $55 million in 10-year, 7.9% bonds on > his future record sales? That's only about 130 basis points over comparable > Treasuries. But if Kazakhstan - whose banking sector is collapsing into the > state's arms, and which has had its electricity cut off by Russia for > nonpayment - can sell bonds at 300 bp over Treasuries, why not? The tax advantages of this must be interesting. Usually it is better to spread and delay the receipt of income for tax purposes. It's worth an extra look for junkies of tax avoidance. MBS
