How to make it, spend it, and invest it

12 Oct 2017

Mastering Money 10/12/17

Post by

The Wall Street Journal reports that an obscure central Asian country last month raised $500 million dollars–in real green money– in its first-ever international bond sale, paying just 7.125% in annual interest which drew a “swarm” of American and European buyers. The 10 year bonds are rated Single B minus–six notches below investment grade. Banks, including CitiBank says the Journal, actually bought a good share of these bonds. Find out who else bought these bonds–it might be YOU by the way if you own certain mutual funds–and learn how to pronounce the name of the country!! Steve promises he will tell me how!!