Sovereign debt burdens drive creative borrowing push

Bloomberg+2 · 6 hours ago
Sovereign debt burdens drive creative borrowing push
  • Romania is targeting retail investors with blood bonds as governments facing heavy debt burdens seek creative borrowing methods.
  • Monetary Metals raised $10.5 million in an equity financing that exceeded its $10 million target, bringing total funds raised to nearly $25 million.
  • Monetary Metals operates a Gold Yield Marketplace that leases gold to jewelers and refiners, allowing gold owners to earn a gold-denominated yield.
  • Bullfrog Gold increased its private placement target to C$8 million to fund exploration at South Bullfrog in Nevada.

Quotes

“The continued support we receive from investors reflects growing recognition that we have not only created a new category of gold ownership—gold fixed income—but that we are the leader in that category.”— Keith Weiner
“Faced with heavy debt burdens, governments across the world are finding creative ways to borrow money.”— Bloomberg
“Bullfrog Gold ups private placement to C$8M to fund South Bullfrog Nevada exploration.”— Seeking Alpha

Sources